XPeng Inc. (NYSE:XPEV) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP boosted its stake in shares of XPeng Inc. (NYSE:XPEV) by 167.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,221,899 shares of the company’s stock after acquiring an additional 765,824 shares during the period. RWC Asset Management LLP’s holdings in XPeng were worth $17,828,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in XPEV. Raymond James & Associates purchased a new stake in shares of XPeng during the third quarter worth $242,000. Lindbrook Capital LLC grew its holdings in shares of XPeng by 33.0% during the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after buying an additional 781 shares in the last quarter. RWC Asset Advisors US LLC purchased a new stake in shares of XPeng during the third quarter worth $29,830,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of XPeng by 41.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,120 shares of the company’s stock valued at $164,000 after purchasing an additional 2,657 shares during the period. Finally, China Universal Asset Management Co. Ltd. grew its holdings in shares of XPeng by 16.6% in the third quarter. China Universal Asset Management Co. Ltd. now owns 70,400 shares of the company’s stock valued at $1,293,000 after purchasing an additional 10,000 shares during the period. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report 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 research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.48.

XPeng Trading Up 10.7 %

XPEV stock traded up $0.76 during mid-day trading on Friday, hitting $7.84. 19,376,531 shares of the company were exchanged, compared to its average volume of 12,941,547. 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 firm has a market capitalization of $7.39 billion, a P/E ratio of -4.67 and a beta of 2.93. The business has a fifty day simple moving average of $8.49 and a 200-day simple moving average of $11.88. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $23.62.

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

XPeng 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.