XPeng Inc. (NYSE:XPEV) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of XPeng Inc. (NYSE:XPEV) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,550 shares of the company’s stock after purchasing an additional 2,151 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPeng were worth $154,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XPEV. Raymond James & Associates bought a new position in shares of XPeng in the 3rd quarter worth about $242,000. Lindbrook Capital LLC lifted its holdings in XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after acquiring an additional 781 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in XPeng by 41.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,120 shares of the company’s stock valued at $164,000 after acquiring an additional 2,657 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in shares of XPeng by 16.6% during the third quarter. China Universal Asset Management Co. Ltd. now owns 70,400 shares of the company’s stock valued at $1,293,000 after purchasing an additional 10,000 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd raised its position in shares of XPeng by 55.1% during the 3rd quarter. OPTIMAS CAPITAL Ltd now owns 141,100 shares of the company’s stock worth $2,591,000 after purchasing an additional 50,100 shares during the period. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XPEV. JPMorgan Chase & Co. reduced their price objective on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Macquarie assumed coverage on shares of XPeng in a report on Monday, April 15th. They set a “neutral” rating and a $7.00 price target for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.48.

XPeng Stock Performance

XPEV stock opened at $7.90 on Thursday. The company has a 50-day simple moving average of $8.42 and a 200 day simple moving average of $11.50. The company has a market capitalization of $7.44 billion, a P/E ratio of -4.70 and a beta of 2.84. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $23.62.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. Sell-side analysts predict that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.

About XPeng

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.