Signaturefd LLC Buys 1,952 Shares of XPeng Inc. (NYSE:XPEV)

Signaturefd LLC raised its stake in shares of XPeng Inc. (NYSE:XPEV) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,821 shares of the company’s stock after acquiring an additional 1,952 shares during the period. Signaturefd LLC’s holdings in XPeng were worth $305,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after purchasing an additional 898 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after buying an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of XPeng in the fourth quarter valued at approximately $41,000. Finally, Compagnie Lombard Odier SCmA increased its position in shares of XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XPEV has been the subject of a number of recent analyst reports. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.70 to $29.00 in a report on Monday, March 10th. Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Bank of America upped their price objective on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, XPeng has an average rating of “Hold” and a consensus target price of $21.84.

XPeng Stock Down 1.2 %

XPEV stock opened at $21.81 on Friday. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $27.16. The firm has a market capitalization of $20.54 billion, a PE ratio of -25.06 and a beta of 2.68. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $18.29 and a two-hundred day simple moving average of $14.02.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. On average, equities analysts predict that XPeng Inc. will post -0.96 EPS for the current fiscal year.

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.