1,785,273 Shares in XPeng Inc. (NYSE:XPEV) Purchased by Electron Capital Partners LLC

Electron Capital Partners LLC purchased a new stake in shares of XPeng Inc. (NYSE:XPEV) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,785,273 shares of the company’s stock, valued at approximately $26,047,000. XPeng comprises 1.1% of Electron Capital Partners LLC’s investment portfolio, making the stock its 27th largest position. Electron Capital Partners LLC owned approximately 0.21% of XPeng as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of XPeng by 7.1% during the third quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company’s stock valued at $203,000 after buying an additional 732 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after acquiring an additional 1,450 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of XPeng by 0.8% in the 4th quarter. Van ECK Associates Corp now owns 197,640 shares of the company’s stock worth $2,884,000 after acquiring an additional 1,523 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of XPeng by 14.6% in the fourth quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock valued at $198,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of XPeng by 25.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,550 shares of the company’s stock valued at $154,000 after purchasing an additional 2,151 shares in the last quarter. 23.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XPEV has been the subject of a number of recent analyst reports. Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, May 23rd. Macquarie initiated coverage on XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 price target for the company. Daiwa America raised XPeng to a “strong-buy” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. decreased their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, XPeng presently has a consensus rating of “Hold” and a consensus price target of $16.89.

XPeng Stock Performance

Shares of NYSE XPEV traded down $0.18 during midday trading on Friday, hitting $7.19. The company’s stock had a trading volume of 6,418,592 shares, compared to its average volume of 13,672,456. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of -4.86 and a beta of 2.80. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $7.98 and a 200 day moving average price of $9.92. XPeng Inc. has a one year low of $6.55 and a one year high of $23.62.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $906.90 million for the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. On average, research analysts forecast that XPeng Inc. will post -0.96 EPS for the current fiscal year.

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.