Russell Investments Group Ltd. Acquires 806,293 Shares of XPeng Inc. (NYSE:XPEV)

Russell Investments Group Ltd. boosted its holdings in XPeng Inc. (NYSE:XPEV) by 9,123.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 815,131 shares of the company’s stock after buying an additional 806,293 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of XPeng worth $11,893,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. XY Capital Ltd grew its position in XPeng by 554.5% during the third quarter. XY Capital Ltd now owns 327,229 shares of the company’s stock worth $6,008,000 after buying an additional 277,229 shares in the last quarter. NINE MASTS CAPITAL Ltd raised its stake in shares of XPeng by 1,765.6% in the third quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company’s stock valued at $6,122,000 after purchasing an additional 324,297 shares in the last quarter. RWC Asset Management LLP bought a new position in XPeng in the third quarter worth $8,291,000. Ballentine Partners LLC boosted its stake in XPeng by 14.6% during the fourth quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after buying an additional 1,729 shares in the last quarter. Finally, Mariner LLC increased its holdings in XPeng by 37.5% in the 3rd quarter. Mariner LLC now owns 25,141 shares of the company’s stock valued at $462,000 after buying an additional 6,858 shares during the period. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on XPEV. Macquarie initiated coverage on shares of XPeng in a report on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.48.

XPeng Stock Down 3.6 %

Shares of NYSE XPEV opened at $9.06 on Friday. The company’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $11.61. 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 Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $23.62.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) 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 for the quarter. On average, research analysts anticipate that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.

About XPeng

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.