XPeng Inc. (NYSE:XPEV) Shares Sold by Twenty Acre Capital LP

Twenty Acre Capital LP cut its stake in shares of XPeng Inc. (NYSE:XPEV) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 469,300 shares of the company’s stock after selling 6,600 shares during the period. XPeng accounts for approximately 4.5% of Twenty Acre Capital LP’s holdings, making the stock its 14th biggest holding. Twenty Acre Capital LP’s holdings in XPeng were worth $5,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XPEV. PNC Financial Services Group Inc. lifted its stake in shares of XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after purchasing an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after acquiring an additional 898 shares in the last quarter. Quadrant Capital Group LLC lifted its position in XPeng by 3.9% during the 4th quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock worth $286,000 after acquiring an additional 913 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in XPeng by 7.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock worth $170,000 after acquiring an additional 1,027 shares during the period. Finally, Lindbrook Capital LLC grew its position in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after acquiring an additional 1,138 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 19th. Citigroup raised shares of XPeng from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Macquarie reaffirmed a “neutral” rating and set a $18.00 target price on shares of XPeng in a research report on Friday, February 7th. Daiwa America downgraded XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Barclays lifted their price objective on XPeng from $7.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, XPeng has a consensus rating of “Hold” and an average target price of $22.20.

XPeng Price Performance

Shares of NYSE XPEV opened at $18.67 on Thursday. The business has a 50 day simple moving average of $20.14 and a 200-day simple moving average of $15.37. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $27.16. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of -21.46 and a beta of 2.62. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. As a group, equities research analysts expect that XPeng Inc. will post -0.96 earnings per share for the current year.

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.