SIH Partners LLLP Sells 113,142 Shares of XPeng Inc. (NYSE:XPEV)

SIH Partners LLLP lowered its stake in XPeng Inc. (NYSE:XPEV) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 303,797 shares of the company’s stock after selling 113,142 shares during the quarter. SIH Partners LLLP’s holdings in XPeng were worth $3,591,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. TMT General Partner Ltd bought a new stake in shares of XPeng during the fourth quarter valued at approximately $205,501,000. JPMorgan Chase & Co. increased its stake in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after purchasing an additional 4,227,055 shares in the last quarter. Renaissance Technologies LLC raised its holdings in XPeng by 51.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,073,367 shares of the company’s stock worth $12,687,000 after buying an additional 366,667 shares during the last quarter. Jump Financial LLC bought a new position in shares of XPeng in the fourth quarter valued at $5,813,000. Finally, Van ECK Associates Corp grew its holdings in shares of XPeng by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock valued at $3,001,000 after buying an additional 31,538 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

Analysts Set New Price Targets

XPEV has been the topic of several recent research reports. Daiwa America cut shares of XPeng from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $30.00 in a report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price target on XPeng and gave the company a “market perform” rating in a research report on Wednesday, March 19th. Macquarie reaffirmed a “neutral” rating and set a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Finally, Barclays increased their target price on shares of XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.20.

XPeng Stock Performance

Shares of XPEV stock opened at $18.14 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of -20.85 and a beta of 2.62. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $27.16. The firm’s 50-day simple moving average is $20.27 and its two-hundred day simple moving average is $15.52.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $16.11 billion. As a group, equities analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current 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.