Fox Run Management L.L.C. Invests $330,000 in XPeng Inc. (NYSE:XPEV)

Fox Run Management L.L.C. acquired a new stake in shares of XPeng Inc. (NYSE:XPEV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 27,923 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds also recently bought and sold shares of the business. TMT General Partner Ltd purchased a new stake in shares of XPeng in the fourth quarter valued at approximately $205,501,000. Point72 Hong Kong Ltd purchased a new stake in XPeng in the 3rd quarter valued at $22,047,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of XPeng in the 3rd quarter worth $6,233,000. FMR LLC boosted its position in shares of XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after acquiring an additional 295,536 shares during the last quarter. Finally, Point72 Italy S.r.l. purchased a new stake in shares of XPeng in the third quarter valued at about $1,160,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Macquarie reaffirmed a “neutral” rating and set a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Daiwa America cut XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. cut their target price on XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, March 19th. Barclays upped their price target on XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Finally, Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, XPeng has an average rating of “Hold” and a consensus price target of $22.20.

XPeng Price Performance

XPeng stock opened at $20.72 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 52-week low of $6.55 and a 52-week high of $27.16. The firm has a market cap of $19.51 billion, a PE ratio of -23.81 and a beta of 2.68. The company’s 50 day moving average is $18.81 and its two-hundred day moving average is $14.32.

XPeng (NYSE:XPEV) last announced its quarterly earnings data 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 return on equity of 16.92% and a negative net margin of 15.35%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. On average, research analysts expect that XPeng Inc. will post -0.96 EPS for the current fiscal year.

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.