XPeng Inc. (NYSE:XPEV) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of XPeng Inc. (NYSE:XPEVGet Rating) by 25.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 8,568 shares of the company’s stock after buying an additional 1,760 shares during the period. Assenagon Asset Management S.A.’s holdings in XPeng were worth $236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XPEV. AdvisorNet Financial Inc increased its position in XPeng by 213.3% during the fourth quarter. AdvisorNet Financial Inc now owns 940 shares of the company’s stock worth $47,000 after buying an additional 640 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in XPeng during the fourth quarter worth approximately $326,000. Kestra Advisory Services LLC increased its position in XPeng by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 34,770 shares of the company’s stock worth $1,750,000 after buying an additional 666 shares during the period. Russell Investments Group Ltd. increased its position in XPeng by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 68,766 shares of the company’s stock worth $3,418,000 after buying an additional 1,180 shares during the period. Finally, Altfest L J & Co. Inc. acquired a new position in XPeng during the fourth quarter worth approximately $267,000. Institutional investors and hedge funds own 27.01% of the company’s stock.

XPeng Stock Down 3.8 %

XPeng stock opened at $27.14 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.29 and a quick ratio of 2.11. XPeng Inc. has a 1-year low of $18.01 and a 1-year high of $56.45. The company has a market cap of $23.22 billion, a PE ratio of -25.13 and a beta of 4.05. The stock’s 50 day moving average price is $26.91 and its 200 day moving average price is $30.63.

XPeng (NYSE:XPEVGet Rating) last posted its quarterly earnings results on Monday, May 23rd. The company reported ($0.32) earnings per share for the quarter. XPeng had a negative net margin of 22.63% and a negative return on equity of 14.59%. The business had revenue of $1.18 billion during the quarter. On average, sell-side analysts predict that XPeng Inc. will post -1.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on XPEV shares. Citigroup lifted their price target on XPeng from $36.70 to $51.59 and gave the stock a “buy” rating in a research report on Tuesday, June 21st. Morgan Stanley dropped their target price on XPeng from $71.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, March 23rd. Nomura lowered XPeng from a “buy” rating to a “neutral” rating and dropped their target price for the company from $64.60 to $36.30 in a report on Thursday, June 30th. JPMorgan Chase & Co. dropped their target price on XPeng from $42.00 to $35.00 in a report on Tuesday, May 24th. Finally, Bank of America dropped their target price on XPeng from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, May 24th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.67.

XPeng Profile

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

See Also

Want to see what other hedge funds are holding XPEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPeng Inc. (NYSE:XPEVGet Rating).

Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

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