AI Squared Management Ltd Buys New Holdings in XPeng Inc. (NYSE:XPEV)

AI Squared Management Ltd purchased a new position in shares of XPeng Inc. (NYSE:XPEV) during the fourth quarter, HoldingsChannel reports. The firm purchased 179,904 shares of the company’s stock, valued at approximately $2,126,000. XPeng makes up about 2.2% of AI Squared Management Ltd’s portfolio, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after purchasing an additional 898 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after buying an additional 2,564 shares during the period. Lindbrook Capital LLC grew its stake in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new position in XPeng in the 4th quarter valued at about $41,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares during the period. Institutional investors own 21.09% of the company’s stock.

XPeng Price Performance

XPEV stock opened at $21.42 on Tuesday. The company’s 50-day moving average price is $18.48 and its two-hundred day moving average price is $14.18. The firm has a market cap of $20.17 billion, a P/E ratio of -24.61 and a beta of 2.68. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $27.16.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. On average, analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XPEV. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Bank of America boosted their price target on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $30.00 in a research report on Wednesday, March 19th. Barclays lifted their target price on XPeng from $7.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. Finally, Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.84.

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.