Corient Private Wealth LLC Purchases 2,707 Shares of XPeng Inc. (NYSE:XPEV)

Corient Private Wealth LLC boosted its holdings in XPeng Inc. (NYSE:XPEV) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,782 shares of the company’s stock after buying an additional 2,707 shares during the period. Corient Private Wealth LLC’s holdings in XPeng were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Citigroup Inc. lifted its holdings in shares of XPeng by 14.2% during the 3rd quarter. Citigroup Inc. now owns 293,321 shares of the company’s stock worth $3,573,000 after acquiring an additional 36,560 shares during the last quarter. FMR LLC increased its holdings in XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after purchasing an additional 295,536 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of XPeng in the 3rd quarter worth approximately $360,000. Point72 Hong Kong Ltd bought a new stake in shares of XPeng during the 3rd quarter valued at about $22,047,000. Finally, Polymer Capital Management HK LTD bought a new stake in XPeng during the 3rd quarter valued at approximately $487,000. Institutional investors own 21.09% of the company’s stock.

XPeng Stock Down 2.5 %

Shares of NYSE:XPEV opened at $19.70 on Friday. XPeng Inc. has a 52-week low of $6.55 and a 52-week high of $27.16. The stock has a market cap of $18.56 billion, a P/E ratio of -22.65 and a beta of 2.68. The business’s 50 day moving average is $19.05 and its 200 day moving average is $14.47. 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 (NYSE:XPEV) last issued its 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 company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. Sell-side analysts predict that XPeng Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XPEV. Nomura raised shares of XPeng from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. Bank of America boosted their target price on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price target on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and boosted their target price for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.20.

XPeng Company 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.