Lindbrook Capital LLC Raises Holdings in XPeng Inc. (NYSE:XPEV)

Lindbrook Capital LLC grew its position in XPeng Inc. (NYSE:XPEV) by 50.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,382 shares of the company’s stock after buying an additional 1,138 shares during the quarter. Lindbrook Capital LLC’s holdings in XPeng were worth $40,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of XPeng by 14.2% in the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after buying an additional 31,538 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of XPeng in the 3rd quarter worth $6,233,000. FMR LLC lifted its holdings in shares of XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after buying an additional 295,536 shares during the period. Savant Capital LLC purchased a new stake in shares of XPeng in the 4th quarter worth $229,000. Finally, TMT General Partner Ltd purchased a new stake in shares of XPeng in the 4th quarter worth $205,501,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Citigroup decreased their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Sanford C. Bernstein upped their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research note on Thursday, November 21st. Five investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.93.

XPeng Trading Up 5.8 %

Shares of NYSE:XPEV opened at $23.53 on Friday. The business’s 50-day moving average is $15.93 and its 200 day moving average is $12.92. XPeng Inc. has a 1 year low of $6.55 and a 1 year high of $23.89. The firm has a market capitalization of $22.16 billion, a P/E ratio of -27.04 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18.

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.