Ameriprise Financial Inc. Has $203,000 Holdings in XPeng Inc. (NYSE:XPEV)

Ameriprise Financial Inc. cut its position in XPeng Inc. (NYSE:XPEV) by 88.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,209 shares of the company’s stock after selling 127,518 shares during the quarter. Ameriprise Financial Inc.’s holdings in XPeng were worth $203,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ancora Advisors LLC raised its position in XPeng by 980.0% in the fourth quarter. Ancora Advisors LLC now owns 10,800 shares of the company’s stock valued at $128,000 after purchasing an additional 9,800 shares during the last quarter. Alibaba Group Holding Ltd increased its holdings in XPeng by 21.2% in the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock worth $448,678,000 after purchasing an additional 6,650,000 shares in the last quarter. Northern Trust Corp grew its stake in XPeng by 20.9% in the fourth quarter. Northern Trust Corp now owns 160,733 shares of the company’s stock valued at $1,900,000 after acquiring an additional 27,838 shares during the period. Optiver Holding B.V. acquired a new stake in XPeng in the fourth quarter valued at approximately $1,157,000. Finally, Natixis acquired a new stake in XPeng in the fourth quarter valued at approximately $43,000. 21.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 19th. Daiwa America cut XPeng from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Barclays boosted their price objective on XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $13.70 to $29.00 in a research note on Monday, March 10th. Finally, Sanford C. Bernstein set a $19.00 target price on XPeng and gave the stock a “market perform” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.29.

XPeng Stock Down 2.4%

XPeng stock opened at $19.50 on Friday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of -22.41 and a beta of 2.58. The stock has a fifty day simple moving average of $19.53 and a two-hundred day simple moving average of $17.29. XPeng Inc. has a 12 month low of $6.60 and a 12 month high of $27.16. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV) last posted its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($1.51) by $1.41. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Equities analysts predict that XPeng Inc. will post -0.96 EPS for the current fiscal year.

XPeng Company Profile

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.