EverSource Wealth Advisors LLC Boosts Stock Position in XPeng Inc. (NYSE:XPEV)

EverSource Wealth Advisors LLC lifted its position in shares of XPeng Inc. (NYSE:XPEV) by 55.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,508 shares of the company’s stock after buying an additional 898 shares during the period. EverSource Wealth Advisors LLC’s holdings in XPeng were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after acquiring an additional 2,564 shares in the last quarter. Lindbrook Capital LLC raised its position in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares during the period. Golden State Wealth Management LLC bought a new stake in XPeng in the fourth quarter worth $41,000. Compagnie Lombard Odier SCmA grew its stake in shares of XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after buying an additional 7,665 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock valued at $154,000 after buying an additional 716 shares during the last quarter. Institutional investors own 21.09% of the company’s stock.

XPeng Stock Down 7.3 %

XPEV stock opened at $22.07 on Friday. The company has a market cap of $20.79 billion, a price-to-earnings ratio of -25.36 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The business’s 50-day moving average is $18.10 and its two-hundred day moving average is $13.92. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $27.16.

XPeng (NYSE:XPEV) last announced its earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($1.36) by $1.17. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on XPEV. JPMorgan Chase & Co. reduced their price target on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America boosted their price objective on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research report on Wednesday. Nomura Securities raised XPeng to a “strong-buy” rating in a research note on Tuesday. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Finally, Macquarie reissued a “neutral” rating and set a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, XPeng has a consensus rating of “Moderate Buy” and a consensus target price of $21.84.

XPeng Company 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.