Savant Capital LLC Invests $229,000 in XPeng Inc. (NYSE:XPEV)

Savant Capital LLC purchased a new position in XPeng Inc. (NYSE:XPEV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,342 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors have also added to or reduced their stakes in XPEV. Y Intercept Hong Kong Ltd purchased a new position in XPeng during the third quarter valued at $6,233,000. FMR LLC lifted its position in XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after buying an additional 295,536 shares during the period. TMT General Partner Ltd purchased a new position in XPeng during the fourth quarter valued at $205,501,000. Point72 Hong Kong Ltd purchased a new position in XPeng during the third quarter valued at $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd lifted 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 valued at $4,969,000 after buying an additional 108,000 shares during the period. Institutional investors own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

XPeng Price Performance

NYSE XPEV opened at $17.51 on Wednesday. XPeng Inc. has a one year low of $6.55 and a one year high of $17.70. The stock has a 50-day moving average of $13.94 and a 200 day moving average of $11.73. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of -20.12 and a beta of 2.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

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.