SBI Securities Co. Ltd. Buys New Holdings in XPeng Inc. (NYSE:XPEV)

SBI Securities Co. Ltd. purchased a new position in XPeng Inc. (NYSE:XPEV) during the fourth quarter, Holdings Channel reports. The fund purchased 17,956 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its holdings in XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of XPeng in the 4th quarter worth approximately $41,000. Compagnie Lombard Odier SCmA increased its stake in shares of XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after buying an additional 7,665 shares during the period. Venturi Wealth Management LLC bought a new position in shares of XPeng during the third quarter valued at approximately $110,000. Finally, Atomi Financial Group Inc. lifted its stake in XPeng by 44.9% in the fourth quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company’s stock worth $181,000 after acquiring an additional 4,758 shares during the period. Institutional investors own 21.09% of the company’s stock.

XPeng Stock Performance

Shares of XPEV opened at $22.25 on Friday. 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 market cap of $20.96 billion, a P/E ratio of -25.58 and a beta of 2.68. The business’s 50 day moving average price is $15.72 and its 200-day moving average price is $12.77. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $23.36.

Analysts Set New Price Targets

XPEV has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a research report on Thursday, November 21st. Citigroup reduced their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Macquarie reiterated a “neutral” rating and set a $18.00 target price on shares of XPeng in a report on Friday, February 7th. Finally, Sanford C. Bernstein raised their target price on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, XPeng has an average rating of “Moderate Buy” and an average price target of $13.93.

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.