DRW Securities LLC Boosts Stock Position in XPeng Inc. (NYSE:XPEV)

DRW Securities LLC grew its holdings in shares of XPeng Inc. (NYSE:XPEV) by 135.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,524 shares of the company’s stock after buying an additional 47,423 shares during the quarter. DRW Securities LLC’s holdings in XPeng were worth $604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of XPeng during the fourth quarter worth about $41,993,000. Capstone Investment Advisors LLC bought a new position in XPeng during the 4th quarter worth approximately $360,000. Ghisallo Capital Management LLC acquired a new position in shares of XPeng in the 4th quarter worth approximately $9,537,000. Robeco Schweiz AG increased its holdings in shares of XPeng by 3.8% in the 4th quarter. Robeco Schweiz AG now owns 2,336,330 shares of the company’s stock valued at $34,087,000 after acquiring an additional 85,000 shares during the last quarter. Finally, Caas Capital Management LP acquired a new stake in shares of XPeng during the 4th quarter valued at approximately $153,000. 23.05% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Stock Performance

XPEV stock opened at $9.56 on Tuesday. The company has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $8.09. The company has a market capitalization of $9.01 billion, a P/E ratio of -6.46 and a beta of 2.75. The company has a quick ratio of 1.31, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two 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 for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The company had revenue of $1.12 billion during the quarter. Sell-side analysts predict that XPeng Inc. will post -0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on XPEV. Citigroup decreased their price objective 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 decreased 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. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upgraded XPeng from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $9.42.

About XPeng

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.