Quantinno Capital Management LP Raises Stake in XPeng Inc. (NYSE:XPEV)

Quantinno Capital Management LP boosted its position in shares of XPeng Inc. (NYSE:XPEV) by 99.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,153 shares of the company’s stock after acquiring an additional 13,520 shares during the period. Quantinno Capital Management LP’s holdings in XPeng were worth $331,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of XPeng by 212.1% during the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock worth $31,910,000 after acquiring an additional 2,724,549 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in XPeng during the 3rd quarter worth $22,047,000. Primecap Management Co. CA lifted its position in XPeng by 5.6% in the second quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after acquiring an additional 872,160 shares during the last quarter. Point72 Europe London LLP acquired a new position in XPeng in the second quarter valued at $5,923,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of XPeng during the second quarter worth about $2,199,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Stock Down 4.0 %

Shares of NYSE:XPEV opened at $12.30 on Monday. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $16.28. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $12.27 and its 200-day simple moving average is $9.75. The company has a market cap of $11.59 billion, a price-to-earnings ratio of -14.14 and a beta of 2.76.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group reissued a “sell” rating and issued a $8.80 target price (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $8.00 to $11.50 in a research note on Thursday, September 5th. Finally, Citigroup dropped their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.69.

XPeng 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.