Harel Insurance Investments & Financial Services Ltd. Trims Holdings in XPeng Inc. (NYSE:XPEV)

Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in XPeng Inc. (NYSE:XPEV) by 53.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,189 shares of the company’s stock after selling 2,503 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in XPeng were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of XPEV. Avior Wealth Management LLC boosted its holdings in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after acquiring an additional 2,564 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in XPeng by 44.9% in the 4th quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company’s stock worth $181,000 after purchasing an additional 4,758 shares in the last quarter. Ballentine Partners LLC grew its position in XPeng by 23.4% during the 4th quarter. Ballentine Partners LLC now owns 21,647 shares of the company’s stock valued at $256,000 after purchasing an additional 4,105 shares during the last quarter. TMT General Partner Ltd bought a new stake in XPeng during the 4th quarter valued at about $205,501,000. Finally, Virtu Financial LLC purchased a new position in XPeng in the third quarter worth about $915,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XPEV has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a report on Thursday, November 21st. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research note on Friday, November 22nd. UBS Group reissued a “sell” rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. Citigroup lowered their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.69.

XPeng Trading Up 3.1 %

XPeng stock opened at $14.69 on Monday. XPeng Inc. has a 52-week low of $6.55 and a 52-week high of $15.68. The company has a market cap of $13.84 billion, a P/E ratio of -16.88 and a beta of 2.74. 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 business has a 50-day simple moving average of $12.70 and a two-hundred day simple moving average of $10.79.

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.