Quinn Opportunity Partners LLC Purchases New Position in XPeng Inc. (NYSE:XPEV)

Quinn Opportunity Partners LLC acquired a new position in shares of XPeng Inc. (NYSE:XPEV) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 213,886 shares of the company’s stock, valued at approximately $2,528,000.

A number of other large investors have also modified their holdings of XPEV. PNC Financial Services Group Inc. boosted its holdings in XPeng by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after acquiring an additional 716 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after purchasing an additional 898 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of XPeng by 3.9% in the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock valued at $286,000 after purchasing an additional 913 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after purchasing an additional 1,027 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Stock Up 3.1 %

XPEV stock opened at $17.98 on Friday. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of -20.66 and a beta of 2.62. XPeng Inc. has a 1-year low of $6.55 and a 1-year high of $27.16. The firm has a fifty day moving average price of $19.90 and a two-hundred day moving average price of $15.17. 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 (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.36) by $1.17. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. Research analysts predict that XPeng Inc. will post -0.96 EPS for the current year.

Analysts Set New Price Targets

XPEV has been the topic of a number of recent analyst reports. Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $30.00 in a report on Wednesday, March 19th. Macquarie reiterated a “neutral” rating and issued a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. Nomura Securities upgraded XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th. Sanford C. Bernstein set a $18.00 price target on shares of XPeng and gave the stock a “market perform” rating in a research note on Wednesday, March 19th. Finally, Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.70 to $29.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, XPeng has a consensus rating of “Hold” and an average price target of $22.20.

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.