XPeng Inc. (NYSE:XPEV) Shares Purchased by Robeco Schweiz AG

Robeco Schweiz AG increased its holdings in XPeng Inc. (NYSE:XPEV) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,336,330 shares of the company’s stock after acquiring an additional 85,000 shares during the quarter. Robeco Schweiz AG’s holdings in XPeng were worth $34,087,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XPEV. Ghisallo Capital Management LLC purchased a new position in XPeng in the 4th quarter valued at approximately $9,537,000. Capstone Investment Advisors LLC purchased a new position in shares of XPeng in the 4th quarter worth about $360,000. Primecap Management Co. CA lifted its position in XPeng by 5.3% during the fourth quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company’s stock valued at $182,343,000 after buying an additional 624,926 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in XPeng during the 4th quarter worth $527,000. Finally, Norges Bank acquired a new stake in shares of XPeng in the fourth quarter valued at about $41,993,000. Institutional investors and hedge funds own 23.05% of the company’s stock.

XPeng Trading Down 2.6 %

XPeng stock traded down $0.22 during midday trading on Monday, reaching $7.94. The stock had a trading volume of 10,745,304 shares, compared to its average volume of 14,042,501. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $23.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of -5.36 and a beta of 2.81. The firm’s fifty day simple moving average is $7.98 and its two-hundred day simple moving average is $10.17.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The business had revenue of $1.84 billion for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. Equities analysts anticipate that XPeng Inc. will post -0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on XPEV. Daiwa America upgraded XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Daiwa Capital Markets upgraded shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, May 23rd. JPMorgan Chase & Co. cut their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Finally, Macquarie started coverage on XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.89.

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.