4,071 Shares in XPeng Inc. (NYSE:XPEV) Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in XPeng Inc. (NYSE:XPEV) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,071 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of XPeng by 25.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,550 shares of the company’s stock worth $154,000 after acquiring an additional 2,151 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of XPeng by 6.3% in the 4th quarter. Vontobel Holding Ltd. now owns 71,145 shares of the company’s stock valued at $1,038,000 after purchasing an additional 4,227 shares during the period. China Universal Asset Management Co. Ltd. increased its stake in XPeng by 9.9% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 77,400 shares of the company’s stock worth $1,129,000 after purchasing an additional 7,000 shares in the last quarter. Ballentine Partners LLC increased its stake in XPeng by 14.6% in the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its holdings in XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,450 shares during the period. Institutional investors own 23.05% of the company’s stock.

Analyst Upgrades and Downgrades

XPEV has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Macquarie initiated coverage on shares of XPeng in a research report on Monday. They issued a “neutral” rating and a $7.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.48.

XPeng Stock Performance

XPEV stock opened at $7.41 on Thursday. The firm has a 50 day simple moving average of $8.72 and a 200 day simple moving average of $12.35. XPeng Inc. has a 52 week low of $6.99 and a 52 week high of $23.62. The stock has a market cap of $6.98 billion, a P/E ratio of -4.41 and a beta of 2.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. The company had revenue of $1.84 billion during the quarter. Research analysts anticipate that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.

XPeng Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.