Ballentine Partners LLC Has $256,000 Holdings in XPeng Inc. (NYSE:XPEV)

Ballentine Partners LLC increased its holdings in shares of XPeng Inc. (NYSE:XPEVFree 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

XPEV has been the topic of several recent analyst reports. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research note on Thursday, November 21st. UBS Group reiterated a “sell” rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research report on Friday, November 22nd. Citigroup lowered their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, XPeng presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.69.

Get Our Latest Stock Analysis on XPEV

XPeng Profile

(Free Report)

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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Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

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