Quantbot Technologies LP Takes Position in XPeng Inc. (NYSE:XPEV)

Quantbot Technologies LP purchased a new position in shares of XPeng Inc. (NYSE:XPEV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,234 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. TMT General Partner Ltd purchased a new position in shares of XPeng in the 4th quarter valued at approximately $205,501,000. Point72 Hong Kong Ltd purchased a new position in XPeng in the 3rd quarter valued at $22,047,000. Y Intercept Hong Kong Ltd acquired a new position in XPeng in the 3rd quarter valued at $6,233,000. FMR LLC raised its position in XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after buying an additional 295,536 shares during the last quarter. Finally, Point72 Italy S.r.l. acquired a new stake in shares of XPeng in the 3rd quarter worth $1,160,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Trading Down 2.5 %

NYSE:XPEV opened at $19.70 on Friday. XPeng Inc. has a 52-week low of $6.55 and a 52-week high of $27.16. 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 fifty day simple moving average of $19.05 and a 200-day simple moving average of $14.47. The company has a market capitalization of $18.56 billion, a PE ratio of -22.65 and a beta of 2.68.

XPeng (NYSE:XPEV) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. On average, equities research analysts expect that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XPEV. Daiwa Capital Markets reissued a “neutral” rating and set a $24.00 price target on shares of XPeng in a report on Wednesday, March 19th. Macquarie reissued a “neutral” rating and set a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Nomura Securities upgraded XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th. Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the stock a “market perform” rating in a report on Wednesday, March 19th. Finally, Bank of America raised their target price on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng has a consensus rating of “Hold” and a consensus target price of $22.20.

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.