Mirae Asset Global Investments Co. Ltd. Has $1.36 Million Stock Holdings in XPeng Inc. (NYSE:XPEV)

Mirae Asset Global Investments Co. Ltd. decreased its position in XPeng Inc. (NYSE:XPEV) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,935 shares of the company’s stock after selling 5,024 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in XPeng were worth $1,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of XPeng in the 3rd quarter valued at approximately $45,000. Venturi Wealth Management LLC acquired a new position in shares of XPeng in the 3rd quarter worth approximately $110,000. Atomi Financial Group Inc. bought a new position in shares of XPeng during the 3rd quarter worth approximately $129,000. Finally, Sequoia Financial Advisors LLC boosted its stake in XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after buying an additional 2,609 shares in the last quarter. Institutional investors own 21.09% of the company’s stock.

Wall Street Analyst Weigh In

XPEV has been the subject of several recent analyst reports. Macquarie reiterated a “neutral” rating and set a $18.00 price objective on shares of XPeng in a research note on Friday, February 7th. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research report on Friday, November 22nd. Citigroup reduced their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. UBS Group reaffirmed a “sell” rating and set a $8.80 price objective (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. Finally, Sanford C. Bernstein boosted their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, XPeng presently has an average rating of “Moderate Buy” and an average price target of $12.91.

XPeng Stock Performance

Shares of XPeng stock opened at $15.50 on Wednesday. The firm has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $11.38. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a market cap of $14.60 billion, a P/E ratio of -17.81 and a beta of 2.77.

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.