Ballentine Partners LLC increased its holdings in shares of XPeng Inc. (NYSE:XPEV – Free Report) by 23.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,647 shares of the company’s stock after purchasing an additional 4,105 shares during the quarter. Ballentine Partners LLC’s holdings in XPeng were worth $256,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in XPeng during the second quarter worth about $1,006,000. Sei Investments Co. lifted its holdings in XPeng by 15.7% during the 2nd quarter. Sei Investments Co. now owns 149,710 shares of the company’s stock worth $1,097,000 after purchasing an additional 20,310 shares during the last quarter. Susquehanna International Securities Ltd. bought a new position in XPeng during the 2nd quarter worth $129,000. Azzad Asset Management Inc. ADV bought a new stake in shares of XPeng in the third quarter valued at approximately $172,000. Finally, Green Alpha Advisors LLC increased its position in shares of XPeng by 32.1% in the third quarter. Green Alpha Advisors LLC now owns 40,608 shares of the company’s stock worth $495,000 after purchasing an additional 9,878 shares during the period. Institutional investors own 21.09% of the company’s stock.
XPeng Stock Performance
XPEV stock opened at $14.69 on Friday. XPeng Inc. has a 1-year low of $6.55 and a 1-year high of $15.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $12.70 and a 200-day moving average price of $10.76. The firm has a market cap of $13.84 billion, a PE ratio of -16.88 and a beta of 2.74.
Wall Street Analyst Weigh In
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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.
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