Central Asset Investments & Management Holdings HK Ltd Cuts Stake in XPeng Inc. (NYSE:XPEV)

Central Asset Investments & Management Holdings HK Ltd lessened its position in XPeng Inc. (NYSE:XPEV) by 44.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 226,450 shares of the company’s stock after selling 181,550 shares during the period. XPeng makes up 1.6% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 17th largest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in XPeng were worth $2,677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA lifted its holdings in XPeng by 1,703.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of XPeng by 56.3% in the 4th quarter. Vontobel Holding Ltd. now owns 33,039 shares of the company’s stock valued at $391,000 after purchasing an additional 11,902 shares in the last quarter. Van ECK Associates Corp increased its holdings in XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock valued at $3,001,000 after buying an additional 31,538 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of XPeng during the 4th quarter valued at approximately $229,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of XPeng during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Stock Up 15.2 %

Shares of XPeng stock opened at $22.04 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $22.26. The firm has a market capitalization of $20.76 billion, a PE ratio of -25.33 and a beta of 2.77. The stock’s fifty day moving average is $14.70 and its 200-day moving average is $12.20.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XPEV. Macquarie reaffirmed a “neutral” rating and set a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Sanford C. Bernstein lifted their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research report on Friday, November 22nd. Citigroup dropped their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.93.

XPeng Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.