XPeng Inc. (NYSE:XPEV) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of XPeng Inc. (NYSE:XPEV) by 8.5% in the fourth quarter, Holdings Channel reports. The firm owned 721,288 shares of the company’s stock after selling 67,385 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in XPeng were worth $10,524,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XPEV. Compagnie Lombard Odier SCmA grew its position in XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,450 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new stake in XPeng in the first quarter valued at approximately $28,000. Lindbrook Capital LLC grew its position in XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after acquiring an additional 781 shares in the last quarter. Headlands Technologies LLC acquired a new stake in XPeng in the third quarter valued at approximately $65,000. Finally, Captrust Financial Advisors boosted its stake in shares of XPeng by 50.0% during the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock valued at $66,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, XPeng presently has a consensus rating of “Hold” and a consensus target price of $18.64.

XPeng Stock Down 9.9 %

Shares of XPEV opened at $7.46 on Friday. The business’s fifty day moving average price is $8.79 and its 200 day moving average price is $12.59. XPeng Inc. has a 12-month low of $7.18 and a 12-month high of $23.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. The firm had revenue of $1.84 billion for the quarter. Research analysts anticipate that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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.