22,310 Shares in XPeng Inc. (NYSE:XPEV) Acquired by Jump Financial LLC

Jump Financial LLC acquired a new stake in XPeng Inc. (NYSE:XPEV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,310 shares of the company’s stock, valued at approximately $326,000.

A number of other hedge funds also recently modified their holdings of XPEV. FMR LLC raised its holdings in XPeng by 8,035.6% in the 3rd quarter. FMR LLC now owns 5,311,499 shares of the company’s stock valued at $97,519,000 after acquiring an additional 5,246,212 shares during the period. RWC Asset Advisors US LLC grew its position in shares of XPeng by 170.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company’s stock valued at $64,698,000 after purchasing an additional 2,793,550 shares during the last quarter. UBS Group AG increased its stake in shares of XPeng by 1,500.6% during the third quarter. UBS Group AG now owns 2,442,935 shares of the company’s stock worth $44,852,000 after purchasing an additional 2,290,309 shares during the period. Russell Investments Group Ltd. lifted its holdings in XPeng by 9,123.0% during the 4th quarter. Russell Investments Group Ltd. now owns 815,131 shares of the company’s stock worth $11,893,000 after purchasing an additional 806,293 shares during the last quarter. Finally, RWC Asset Management LLP boosted its stake in XPeng by 167.9% in the 4th quarter. RWC Asset Management LLP now owns 1,221,899 shares of the company’s stock valued at $17,828,000 after purchasing an additional 765,824 shares during the period. Institutional investors and hedge funds own 23.05% of the company’s stock.

Wall Street Analysts Forecast Growth

XPEV has been the subject of a number of recent research reports. Macquarie assumed coverage on shares of XPeng in a research report on Monday, April 15th. They issued a “neutral” rating and a $7.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Daiwa America upgraded shares of XPeng to a “strong-buy” rating in a research report on Thursday. Finally, Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, XPeng has a consensus rating of “Hold” and a consensus price target of $16.89.

XPeng Stock Up 1.2 %

Shares of NYSE XPEV opened at $8.20 on Friday. The company has a market cap of $7.72 billion, a price-to-earnings ratio of -5.54 and a beta of 2.84. The company has a current ratio of 1.50, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $23.62. The stock has a 50-day moving average price of $8.07 and a two-hundred day moving average price of $10.87.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. The company had revenue of $1.84 billion during the quarter. As a group, analysts forecast that XPeng Inc. will post -1.08 earnings per share for the current fiscal 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.