Susquehanna International Group Ltd. Has $96,000 Stock Position in XPeng Inc. (NYSE:XPEV)

Susquehanna International Group Ltd. reduced its holdings in XPeng Inc. (NYSE:XPEV) by 83.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,068 shares of the company’s stock after selling 65,509 shares during the quarter. Susquehanna International Group Ltd.’s holdings in XPeng were worth $96,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPEV. Bank of Montreal Can increased its position in XPeng by 212.1% in the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after acquiring an additional 2,724,549 shares during the period. Electron Capital Partners LLC acquired a new position in XPeng in the 4th quarter valued at approximately $26,047,000. Primecap Management Co. CA increased its position in XPeng by 5.6% in the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after acquiring an additional 872,160 shares during the period. Point72 Europe London LLP acquired a new position in XPeng in the 2nd quarter valued at approximately $5,923,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of XPeng during the fourth quarter worth $9,537,000. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. 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 research report on Wednesday, August 21st. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Finally, Bank of America decreased their price objective on shares of XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $9.42.

XPeng Trading Up 8.9 %

NYSE:XPEV opened at $12.71 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of -8.59 and a beta of 2.75. The firm has a fifty day simple moving average of $8.23 and a two-hundred day simple moving average of $8.16. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $18.74.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. The company had revenue of $1.12 billion during the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. Analysts expect that XPeng Inc. will post -0.95 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.