Signaturefd LLC Buys 1,952 Shares of XPeng Inc. (NYSE:XPEV)

Signaturefd LLC boosted its stake in XPeng Inc. (NYSE:XPEV) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,821 shares of the company’s stock after purchasing an additional 1,952 shares during the quarter. Signaturefd LLC’s holdings in XPeng were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in XPeng by 7.3% during the fourth quarter. Corient Private Wealth LLC now owns 39,782 shares of the company’s stock worth $470,000 after purchasing an additional 2,707 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in XPeng in the 4th quarter worth approximately $554,000. EverSource Wealth Advisors LLC boosted its stake in XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after buying an additional 898 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after acquiring an additional 1,027 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of XPeng by 27.2% during the fourth quarter. HighTower Advisors LLC now owns 14,507 shares of the company’s stock worth $171,000 after acquiring an additional 3,102 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XPEV has been the subject of a number of research reports. Daiwa America cut shares of XPeng from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Nomura Securities raised XPeng to a “strong-buy” rating in a research note on Tuesday. Bank of America lifted their price objective on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.84.

XPeng Stock Down 1.2 %

Shares of XPeng stock opened at $21.81 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.18 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 $27.16. The company has a market cap of $20.54 billion, a P/E ratio of -25.06 and a beta of 2.68. The company’s fifty day simple moving average is $18.29 and its two-hundred day simple moving average is $14.02.

XPeng (NYSE:XPEV) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. Research analysts anticipate that XPeng Inc. will post -0.96 EPS for the current year.

XPeng Company 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.