Toroso Investments LLC Purchases 1,679 Shares of XPeng Inc. (NYSE:XPEV)

Toroso Investments LLC lifted its position in XPeng Inc. (NYSE:XPEV) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,459 shares of the company’s stock after buying an additional 1,679 shares during the period. Toroso Investments LLC’s holdings in XPeng were worth $1,049,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in XPEV. Bank of America Corp DE increased its holdings in XPeng by 612.0% during the 4th quarter. Bank of America Corp DE now owns 6,207,232 shares of the company’s stock worth $61,700,000 after purchasing an additional 5,335,450 shares in the last quarter. GGV Capital LLC bought a new position in XPeng during the 4th quarter worth about $39,203,000. Two Sigma Investments LP bought a new position in XPeng during the 1st quarter worth about $21,058,000. Two Sigma Advisers LP increased its holdings in 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 purchasing an additional 1,719,800 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in XPeng by 15.9% during the 4th quarter. Renaissance Technologies LLC now owns 7,318,700 shares of the company’s stock worth $72,748,000 after purchasing an additional 1,001,761 shares in the last quarter. Institutional investors own 11.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on XPEV. Barclays increased their price objective on shares of XPeng from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 22nd. Bank of America upgraded 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 note on Monday, August 21st. The Goldman Sachs Group began coverage on shares of XPeng in a research note on Tuesday, July 11th. They set a “buy” rating and a $18.10 price objective for the company. Citigroup increased their price objective on shares of XPeng from $6.28 to $15.00 and gave the stock a “sell” rating in a research note on Wednesday, August 2nd. Finally, UBS Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research note on Monday, July 31st. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.10.

XPeng Stock Performance

Shares of NYSE:XPEV opened at $18.30 on Monday. The company’s 50 day simple moving average is $17.21 and its 200 day simple moving average is $12.52. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of -11.16 and a beta of 3.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.72 and a quick ratio of 1.57. XPeng Inc. has a 1 year low of $6.18 and a 1 year high of $23.62.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Friday, August 18th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.16). The firm had revenue of $698.18 million during the quarter, compared to the consensus estimate of $792.50 million. XPeng had a negative net margin of 46.94% and a negative return on equity of 27.32%. As a group, research analysts predict that XPeng Inc. will post -1.68 EPS for the current fiscal year.

XPeng Company Profile

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.