Yousif Capital Management LLC purchased a new position in shares of XPeng Inc. (NYSE:XPEV – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,725 shares of the company’s stock, valued at approximately $288,000.
A number of other institutional investors and hedge funds have also bought and sold shares of XPEV. Truist Financial Corp raised its stake in XPeng by 2.2% during the third quarter. Truist Financial Corp now owns 11,509 shares of the company’s stock worth $409,000 after purchasing an additional 250 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of XPeng by 50.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,500 shares of the company’s stock valued at $53,000 after acquiring an additional 500 shares during the period. Raymond James & Associates raised its stake in shares of XPeng by 9.2% in the 3rd quarter. Raymond James & Associates now owns 6,542 shares of the company’s stock valued at $233,000 after acquiring an additional 550 shares during the period. AdvisorNet Financial Inc raised its stake in shares of XPeng by 213.3% in the 4th quarter. AdvisorNet Financial Inc now owns 940 shares of the company’s stock valued at $47,000 after acquiring an additional 640 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in XPeng by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 34,770 shares of the company’s stock worth $1,750,000 after buying an additional 666 shares during the period. Hedge funds and other institutional investors own 27.01% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Macquarie assumed coverage on shares of XPeng in a research note on Wednesday, January 12th. They set an “outperform” rating on the stock. Citigroup cut their target price on shares of XPeng from $92.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. Zacks Investment Research raised shares of XPeng from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. CLSA started coverage on shares of XPeng in a report on Wednesday, March 23rd. They set a “buy” rating and a $42.00 price target for the company. Finally, started coverage on shares of XPeng in a report on Thursday, March 24th. They set a “buy” rating and a $55.60 price target for the company. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $49.91.
XPeng (NYSE:XPEV – Get Rating) last released its quarterly earnings results on Monday, March 28th. The company reported ($0.24) EPS for the quarter. The business had revenue of $1.34 billion during the quarter. XPeng had a negative net margin of 23.12% and a negative return on equity of 12.79%. During the same period last year, the business posted ($0.16) EPS. As a group, analysts anticipate that XPeng Inc. will post -1.3 earnings per share for the current year.
XPeng Company Profile (Get Rating)
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services.
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