XPeng Inc. (NYSE:XPEV) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC grew its position in XPeng Inc. (NYSE:XPEV) by 1,215.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,775 shares of the company’s stock after buying an additional 2,564 shares during the quarter. Avior Wealth Management LLC’s holdings in XPeng were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of XPEV. TMT General Partner Ltd acquired a new stake in shares of XPeng in the fourth quarter valued at $205,501,000. Point72 Hong Kong Ltd acquired a new stake in shares of XPeng in the third quarter valued at $22,047,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of XPeng in the third quarter valued at $6,233,000. FMR LLC grew its stake in shares of XPeng by 1,053.8% in the third quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after buying an additional 295,536 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in XPeng during the 2nd quarter worth $1,006,000. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Stock Down 2.0 %

XPeng stock opened at $14.80 on Thursday. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $15.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company has a market capitalization of $13.94 billion, a P/E ratio of -17.01 and a beta of 2.74. The stock has a 50-day simple moving average of $12.80 and a 200-day simple moving average of $10.90.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XPEV shares. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. UBS Group reissued a “sell” rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. Sanford C. Bernstein boosted their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Finally, Citigroup lowered their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.69.

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.