Twenty Acre Capital LP Sells 158,500 Shares of XPeng Inc. (NYSE:XPEV)

Twenty Acre Capital LP decreased its position in XPeng Inc. (NYSE:XPEV) by 25.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 475,900 shares of the company’s stock after selling 158,500 shares during the period. XPeng comprises 5.1% of Twenty Acre Capital LP’s portfolio, making the stock its 12th biggest position. Twenty Acre Capital LP owned about 0.05% of XPeng worth $5,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Primecap Management Co. CA lifted its position in shares of XPeng by 5.6% in the second quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock worth $120,369,000 after purchasing an additional 872,160 shares in the last quarter. Bank of Montreal Can increased its stake 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 buying an additional 2,724,549 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in XPeng by 100.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company’s stock worth $8,864,000 after buying an additional 550,000 shares in the last quarter. Point72 Europe London LLP acquired a new position in shares of XPeng during the 2nd quarter worth about $5,923,000. Finally, Central Asset Investments & Management Holdings HK Ltd grew its holdings in shares of XPeng by 36.0% in the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock valued at $4,969,000 after acquiring an additional 108,000 shares in the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on XPEV shares. Sanford C. Bernstein upped their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised XPeng from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $8.00 to $11.50 in a report on Thursday, September 5th. Citigroup decreased their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. Finally, China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, XPeng presently has an average rating of “Moderate Buy” and a consensus target price of $12.05.

XPeng Price Performance

XPeng stock opened at $12.05 on Friday. The company’s 50-day moving average price is $12.07 and its two-hundred day moving average price is $9.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $17.17.

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.