XPeng Inc. (NYSE:XPEV) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in shares of XPeng Inc. (NYSE:XPEVFree Report) by 8.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,117 shares of the company’s stock after selling 18,384 shares during the period. Van ECK Associates Corp’s holdings in XPeng were worth $3,601,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. purchased a new stake in shares of XPeng in the 1st quarter valued at approximately $28,000. Natixis lifted its position in shares of XPeng by 355.6% in the 2nd quarter. Natixis now owns 2,178 shares of the company’s stock valued at $29,000 after acquiring an additional 1,700 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of XPeng by 22.6% in the 2nd quarter. Lindbrook Capital LLC now owns 2,368 shares of the company’s stock valued at $32,000 after acquiring an additional 437 shares in the last quarter. CWM LLC lifted its position in shares of XPeng by 24.2% in the 2nd quarter. CWM LLC now owns 2,840 shares of the company’s stock valued at $38,000 after acquiring an additional 554 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of XPeng by 50.0% in the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company’s stock valued at $66,000 after acquiring an additional 800 shares in the last quarter. 11.86% of the stock is currently owned by institutional investors.

XPeng Stock Performance

Shares of NYSE:XPEV opened at $8.83 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.44. XPeng Inc. has a 52 week low of $7.51 and a 52 week high of $23.62. The firm has a 50 day simple moving average of $12.11 and a 200 day simple moving average of $15.28.

XPeng (NYSE:XPEVGet Free Report) last released its earnings results on Wednesday, November 15th. The company reported ($0.62) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.10. XPeng had a negative net margin of 50.07% and a negative return on equity of 33.81%. The company had revenue of $1.17 billion during the quarter. Research analysts forecast that XPeng Inc. will post -1.71 EPS for the current fiscal year.

XPeng Profile

(Free Report)

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.

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Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

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