XPeng Inc. (NYSE:XPEV) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its stake in shares of XPeng Inc. (NYSE:XPEV) by 20.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,800,900 shares of the company’s stock after selling 458,151 shares during the quarter. Robeco Schweiz AG’s holdings in XPeng were worth $21,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XPEV. Avior Wealth Management LLC grew its holdings in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after purchasing an additional 2,609 shares during the period. Golden State Wealth Management LLC purchased a new position in XPeng during the 4th quarter worth approximately $41,000. Allspring Global Investments Holdings LLC purchased a new position in XPeng during the 3rd quarter worth approximately $45,000. Finally, Robeco Institutional Asset Management B.V. increased its position in XPeng by 1.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 214,411 shares of the company’s stock worth $2,534,000 after buying an additional 3,821 shares during the period. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Price Performance

Shares of NYSE:XPEV opened at $22.04 on Thursday. 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 company has a 50-day moving average price of $14.70 and a 200 day moving average price of $12.20. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $22.26. The company has a market cap of $20.76 billion, a P/E ratio of -25.33 and a beta of 2.77.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XPEV shares. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a report on Thursday, November 21st. UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $8.80 to $18.00 in a research report on Monday. Sanford C. Bernstein upped their target price on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Citigroup lowered their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Finally, Macquarie reiterated a “neutral” rating and issued a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.93.

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.