Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,151 Shares of XPeng Inc. (NYSE:XPEV)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in XPeng Inc. (NYSE:XPEV) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,550 shares of the company’s stock after buying an additional 2,151 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPeng were worth $154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XPEV. XY Capital Ltd boosted its stake in XPeng by 554.5% in the 3rd quarter. XY Capital Ltd now owns 327,229 shares of the company’s stock worth $6,008,000 after purchasing an additional 277,229 shares during the period. NINE MASTS CAPITAL Ltd grew its holdings in shares of XPeng by 1,765.6% during the third quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company’s stock worth $6,122,000 after buying an additional 324,297 shares in the last quarter. Ballentine Partners LLC boosted its position in XPeng by 14.6% during the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after acquiring an additional 1,729 shares during the last quarter. Mariner LLC grew its stake in shares of XPeng by 37.5% during the 3rd quarter. Mariner LLC now owns 25,141 shares of the company’s stock worth $462,000 after acquiring an additional 6,858 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of XPeng by 1,500.6% in the third quarter. UBS Group AG now owns 2,442,935 shares of the company’s stock valued at $44,852,000 after purchasing an additional 2,290,309 shares during the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on XPEV shares. JPMorgan Chase & Co. decreased their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Macquarie assumed coverage on shares of XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.48.

XPeng Stock Down 6.3 %

XPeng stock opened at $7.90 on Thursday. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $23.62. The firm has a market capitalization of $7.44 billion, a PE ratio of -4.70 and a beta of 2.84. The company’s 50-day moving average is $8.42 and its 200-day moving average is $11.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36.

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

About XPeng

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