Prospera Financial Services Inc Has $171,000 Stock Holdings in XPeng Inc. (NYSE:XPEV)

Prospera Financial Services Inc raised its stake in XPeng Inc. (NYSE:XPEV – Get Rating) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,236 shares of the company’s stock after acquiring an additional 2,317 shares during the period. Prospera Financial Services Inc’s holdings in XPeng were worth $171,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC raised its holdings in XPeng by 12.5% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 4,500 shares of the company’s stock valued at $124,000 after acquiring an additional 500 shares in the last quarter. US Bancorp DE raised its holdings in shares of XPeng by 13.9% during the 1st quarter. US Bancorp DE now owns 6,271 shares of the company’s stock worth $173,000 after buying an additional 767 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of XPeng by 50.0% during the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock worth $66,000 after buying an additional 800 shares in the last quarter. Equitable Holdings Inc. raised its holdings in shares of XPeng by 4.7% during the 1st quarter. Equitable Holdings Inc. now owns 20,061 shares of the company’s stock worth $553,000 after buying an additional 900 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of XPeng by 2.6% during the 1st quarter. APG Asset Management N.V. now owns 47,002 shares of the company’s stock worth $1,165,000 after buying an additional 1,200 shares in the last quarter. 24.87% of the stock is owned by institutional investors and hedge funds.

XPeng Stock Down 0.2 %

Shares of XPeng stock opened at $9.80 on Tuesday. XPeng Inc. has a one year low of $6.18 and a one year high of $35.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.62. The stock’s 50-day moving average is $9.76 and its 200 day moving average is $9.52. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of -6.20 and a beta of 2.84.

Analyst Upgrades and Downgrades

XPEV has been the subject of a number of research analyst reports. Bank of America lowered their price target on XPeng from $11.00 to $10.70 in a report on Friday, March 17th. Morgan Stanley upped their target price on XPeng from $12.00 to $12.50 in a report on Monday, March 20th. Citigroup lowered their target price on XPeng from $8.92 to $7.21 in a report on Friday, March 17th. Macquarie cut XPeng from a “neutral” rating to an “underperform” rating in a report on Monday, February 13th. Finally, Sanford C. Bernstein cut XPeng from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $16.00 to $12.00 in a report on Friday, March 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.26.

XPeng Company 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.