Twenty Acre Capital LP Has $5.80 Million Holdings in XPeng Inc. (NYSE:XPEV)

Twenty Acre Capital LP decreased its holdings in XPeng Inc. (NYSE:XPEV) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 475,900 shares of the company’s stock after selling 158,500 shares during the quarter. XPeng accounts for about 5.1% of Twenty Acre Capital LP’s portfolio, making the stock its 12th largest holding. Twenty Acre Capital LP’s holdings in XPeng were worth $5,796,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new position in XPeng in the 3rd quarter valued at $360,000. FMR LLC raised its stake in 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 purchasing an additional 295,536 shares in the last quarter. Citigroup Inc. raised its stake in XPeng by 14.2% in the third quarter. Citigroup Inc. now owns 293,321 shares of the company’s stock valued at $3,573,000 after purchasing an additional 36,560 shares in the last quarter. Advisors Asset Management Inc. lifted its position in XPeng by 48.9% during the third quarter. Advisors Asset Management Inc. now owns 49,624 shares of the company’s stock worth $604,000 after purchasing an additional 16,289 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd grew its stake in XPeng by 36.0% during the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock worth $4,969,000 after buying an additional 108,000 shares in the last quarter. Institutional investors own 23.05% of the company’s stock.

Analyst Ratings Changes

XPEV has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. Bank of America cut their target price on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Citigroup decreased their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded XPeng from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. Finally, China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and an average target price of $12.05.

XPeng Price Performance

XPeng stock opened at $12.05 on Friday. The stock has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $9.41. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $17.17. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

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.