Creative Planning Grows Stock Holdings in XPeng Inc. (NYSE:XPEV)

Creative Planning raised its stake in XPeng Inc. (NYSE:XPEV) by 20.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,725 shares of the company’s stock after buying an additional 6,704 shares during the period. Creative Planning’s holdings in XPeng were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Natixis purchased a new stake in XPeng in the 1st quarter valued at about $38,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock valued at $39,000 after purchasing an additional 2,920 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of XPeng by 2,615.9% in the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock valued at $75,000 after purchasing an additional 9,391 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of XPeng in the 3rd quarter valued at about $129,000. Finally, 180 Wealth Advisors LLC bought a new stake in shares of XPeng in the 2nd quarter valued at about $78,000. 23.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPEV has been the subject of several recent research reports. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. Citigroup reduced their price target on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Bank of America reduced their price target on shares of XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $8.00 to $11.50 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $9.42.

XPeng Trading Down 4.0 %

NYSE XPEV opened at $12.30 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The firm has a market cap of $11.59 billion, a PE ratio of -10.08 and a beta of 2.80. The company has a 50 day moving average price of $10.58 and a 200 day moving average price of $8.83. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $18.74.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. The company had revenue of $1.12 billion for the quarter. As a group, sell-side analysts forecast that XPeng Inc. will post -0.96 EPS for the current fiscal year.

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.