Ethic Inc. Has $840,000 Holdings in XPeng Inc. (NYSE:XPEV)

Ethic Inc. grew its stake in XPeng Inc. (NYSE:XPEV) by 111.2% in the fourth quarter, HoldingsChannel reports. The fund owned 71,092 shares of the company’s stock after acquiring an additional 37,428 shares during the period. Ethic Inc.’s holdings in XPeng were worth $840,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. TMT General Partner Ltd bought a new position in XPeng in the 4th quarter worth approximately $205,501,000. Ballentine Partners LLC increased its stake in shares of XPeng by 23.4% in the 4th quarter. Ballentine Partners LLC now owns 21,647 shares of the company’s stock valued at $256,000 after buying an additional 4,105 shares during the period. Atomi Financial Group Inc. raised its position in shares of XPeng by 44.9% during the fourth quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company’s stock worth $181,000 after acquiring an additional 4,758 shares during the last quarter. Avior Wealth Management LLC lifted its stake 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 valued at $33,000 after acquiring an additional 2,564 shares during the period. Finally, Blue Trust Inc. boosted its holdings in XPeng by 221.0% in the fourth quarter. Blue Trust Inc. now owns 20,699 shares of the company’s stock valued at $252,000 after acquiring an additional 14,250 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Performance

Shares of NYSE XPEV opened at $20.77 on Thursday. XPeng Inc. has a twelve month low of $6.60 and a twelve month high of $27.16. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of -23.87 and a beta of 2.64. 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’s fifty day moving average is $20.37 and its 200-day moving average is $16.44.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Macquarie reissued a “neutral” rating and set a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Daiwa America lowered shares of XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Nomura raised shares of XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their price target on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, XPeng presently has an average rating of “Hold” and a consensus price target of $22.20.

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.