PDS Planning Inc Buys New Holdings in XPeng Inc. (NYSE:XPEV)

PDS Planning Inc purchased a new position in shares of XPeng Inc. (NYSE:XPEV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,212 shares of the company’s stock, valued at approximately $121,000.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after acquiring an additional 898 shares during the period. Avior Wealth Management LLC lifted its stake in XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares during the period. Lindbrook Capital LLC boosted its holdings in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of XPeng in the 4th quarter valued at approximately $41,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock worth $96,000 after buying an additional 7,665 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

XPEV has been the topic of several recent analyst reports. Nomura raised XPeng from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $30.00 in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America increased their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and boosted their price target for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, XPeng presently has an average rating of “Moderate Buy” and a consensus target price of $22.02.

XPeng Stock Performance

Shares of XPeng stock opened at $23.80 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $17.90 and a 200 day simple moving average of $13.86. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. The firm has a market cap of $22.42 billion, a P/E ratio of -27.35 and a beta of 2.68.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, March 18th. The company reported ($0.19) 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 company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $16.11 billion. Sell-side analysts predict that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

About XPeng

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.