Vontobel Holding Ltd. Grows Stake in XPeng Inc. (NYSE:XPEV)

Vontobel Holding Ltd. boosted its position in XPeng Inc. (NYSE:XPEV) by 56.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,039 shares of the company’s stock after purchasing an additional 11,902 shares during the period. Vontobel Holding Ltd.’s holdings in XPeng were worth $391,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of XPEV. TMT General Partner Ltd purchased a new position in XPeng in the 4th quarter valued at approximately $205,501,000. Point72 Hong Kong Ltd purchased a new position in XPeng during the third quarter worth $22,047,000. Y Intercept Hong Kong Ltd purchased a new position in XPeng during the third quarter worth $6,233,000. FMR LLC increased its position in XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after buying an additional 295,536 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd increased its position 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. 21.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Macquarie reissued a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a research report on Thursday, November 21st. Sanford C. Bernstein raised their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. UBS Group restated 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, Citigroup decreased their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.91.

XPeng Price Performance

Shares of XPeng stock opened at $17.70 on Friday. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $18.29. The stock has a market capitalization of $16.67 billion, a P/E ratio of -20.34 and a beta of 2.77. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $14.15 and its 200 day moving average price is $11.82.

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.