XPeng Inc. (NYSE:XPEV) Shares Acquired by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC lifted its holdings in XPeng Inc. (NYSE:XPEV) by 170.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,434,392 shares of the company’s stock after purchasing an additional 2,793,550 shares during the quarter. XPeng comprises 5.1% of RWC Asset Advisors US LLC’s holdings, making the stock its 8th biggest position. RWC Asset Advisors US LLC’s holdings in XPeng were worth $64,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA grew its position in shares of XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares during the period. Lindbrook Capital LLC lifted its stake in XPeng by 33.0% in the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after acquiring an additional 781 shares in the last quarter. Headlands Technologies LLC bought a new stake in XPeng in the 3rd quarter valued at approximately $65,000. Rakuten Securities Inc. bought a new stake in XPeng in the 4th quarter valued at approximately $59,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in XPeng in the 4th quarter valued at approximately $102,000. 23.05% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Up 10.7 %

Shares of XPeng stock traded up $0.76 on Friday, reaching $7.84. 19,376,531 shares of the company were exchanged, compared to its average volume of 12,941,547. XPeng Inc. has a one year low of $6.55 and a one year high of $23.62. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of -4.67 and a beta of 2.93. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $8.49 and a 200 day moving average of $11.88.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share for the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. The business had revenue of $1.84 billion during the quarter. On average, equities research analysts forecast that XPeng Inc. will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on XPEV. Macquarie began coverage on XPeng in a research note on Monday, April 15th. They issued a “neutral” rating and a $7.00 target price on the stock. 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. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.48.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.