XPeng Inc. (NYSE:XPEV) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of XPeng Inc. (NYSE:XPEVFree Report) by 46.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,147 shares of the company’s stock after purchasing an additional 2,917 shares during the quarter. Tower Research Capital LLC TRC’s holdings in XPeng were worth $101,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its holdings in XPeng by 612.0% in the fourth quarter. Bank of America Corp DE now owns 6,207,232 shares of the company’s stock valued at $61,700,000 after purchasing an additional 5,335,450 shares during the period. GGV Capital LLC acquired a new stake in shares of XPeng during the 4th quarter worth $39,203,000. Two Sigma Advisers LP increased its holdings in shares of XPeng by 124.9% during the 4th quarter. Two Sigma Advisers LP now owns 3,096,500 shares of the company’s stock worth $30,779,000 after buying an additional 1,719,800 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of XPeng by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 7,318,700 shares of the company’s stock worth $72,748,000 after buying an additional 1,001,761 shares during the period. Finally, Robeco Schweiz AG boosted its holdings in XPeng by 14.9% in the first quarter. Robeco Schweiz AG now owns 5,407,600 shares of the company’s stock valued at $149,196,000 after acquiring an additional 701,600 shares during the last quarter. Institutional investors and hedge funds own 11.86% of the company’s stock.

XPeng Stock Up 5.2 %

Shares of NYSE:XPEV opened at $18.71 on Monday. The firm has a market cap of $16.13 billion, a PE ratio of -11.41 and a beta of 3.31. The company has a fifty day simple moving average of $16.14 and a 200 day simple moving average of $11.87. The company has a current ratio of 1.72, a quick ratio of 1.57 and a debt-to-equity ratio of 0.19. XPeng Inc. has a 12-month low of $6.18 and a 12-month high of $23.62.

Wall Street Analysts Forecast Growth

XPEV has been the topic of a number of research reports. BOCOM International downgraded XPeng from a “neutral” rating to a “sell” rating in a report on Friday, July 7th. Bank of America raised shares of XPeng from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.30 to $22.00 in a research report on Monday, August 21st. HSBC upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, August 7th. Barclays increased their price target on XPeng from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, August 22nd. Finally, The Goldman Sachs Group began coverage on XPeng in a research note on Tuesday, July 11th. They set a “buy” rating and a $18.10 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.10.

Read Our Latest Research Report on XPEV

About XPeng

(Free Report)

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.

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Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

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