Mizuho Securities Co. Ltd. Makes New $102,000 Investment in XPeng Inc. (NYSE:XPEV)

Mizuho Securities Co. Ltd. purchased a new position in XPeng Inc. (NYSE:XPEV) in the 4th quarter, HoldingsChannel reports. The fund purchased 7,000 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA grew its stake in shares of XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after acquiring an additional 1,450 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after acquiring an additional 781 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of XPeng in the fourth quarter worth $59,000. Headlands Technologies LLC acquired a new position in shares of XPeng during the third quarter worth $65,000. Finally, Ronald Blue Trust Inc. grew its stake in shares of XPeng by 46.4% during the third quarter. Ronald Blue Trust Inc. now owns 4,713 shares of the company’s stock worth $87,000 after purchasing an additional 1,494 shares in the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

XPeng Stock Performance

XPEV traded up $0.20 on Tuesday, reaching $7.18. The company had a trading volume of 11,762,591 shares, compared to its average volume of 13,817,059. XPeng Inc. has a 1 year low of $6.55 and a 1 year high of $23.62. The stock has a market capitalization of $6.76 billion, a PE ratio of -4.27 and a beta of 2.93. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $8.60 and a 200-day moving average price of $12.00.

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 net margin of 33.77% and a negative return on equity of 31.17%. The company had revenue of $1.84 billion during the quarter. As a group, research analysts forecast that XPeng Inc. will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPEV has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Macquarie initiated coverage on shares of XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.48.

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.