Polar Capital Holdings Plc Makes New Investment in XPeng Inc. (NYSE:XPEV)

Polar Capital Holdings Plc bought a new position in XPeng Inc. (NYSE:XPEV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 558,000 shares of the company’s stock, valued at approximately $6,596,000. Polar Capital Holdings Plc owned 0.06% of XPeng at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in shares of XPeng by 49.7% during the fourth quarter. Quantinno Capital Management LP now owns 40,660 shares of the company’s stock worth $481,000 after purchasing an additional 13,507 shares during the period. Man Group plc raised its position in XPeng by 46.4% during the fourth quarter. Man Group plc now owns 294,141 shares of the company’s stock valued at $3,477,000 after acquiring an additional 93,160 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in XPeng by 947.5% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock valued at $20,800,000 after acquiring an additional 1,591,750 shares in the last quarter. Oasis Management Co Ltd. bought a new position in XPeng during the fourth quarter valued at approximately $355,000. Finally, Laird Norton Wetherby Wealth Management LLC raised its position in XPeng by 10.1% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 62,727 shares of the company’s stock valued at $741,000 after acquiring an additional 5,767 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Price Performance

Shares of NYSE:XPEV opened at $20.65 on Friday. 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 stock’s 50 day moving average is $20.33 and its 200-day moving average is $16.50. XPeng Inc. has a twelve month low of $6.60 and a twelve month high of $27.16. The firm has a market capitalization of $19.60 billion, a price-to-earnings ratio of -23.74 and a beta of 2.64.

XPeng (NYSE:XPEV) last announced its quarterly earnings data 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. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Sell-side analysts forecast that XPeng Inc. will post -0.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on XPEV shares. Daiwa Capital Markets reissued a “neutral” rating and issued a $24.00 price target on shares of XPeng in a research report on Wednesday, March 19th. Barclays boosted their target price on shares of XPeng from $7.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Bank of America boosted their price target on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. Finally, Macquarie reissued a “neutral” rating and issued a $18.00 price target on shares of XPeng in a 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 given a strong buy rating to the stock. According to data from MarketBeat.com, XPeng presently has a consensus rating of “Hold” and an average 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.