swisspartners Ltd. Increases Stake in XPeng Inc. (NYSE:XPEV)

swisspartners Ltd. boosted its position in shares of XPeng Inc. (NYSE:XPEV) by 12.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,500 shares of the company’s stock after acquiring an additional 600 shares during the quarter. swisspartners Ltd.’s holdings in XPeng were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in shares of XPeng by 264.3% during the 4th quarter. Swiss National Bank now owns 359,175 shares of the company’s stock valued at $15,383,000 after purchasing an additional 260,575 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of XPeng by 26.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 132,001 shares of the company’s stock valued at $8,315,000 after purchasing an additional 27,687 shares during the period. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of XPeng during the fourth quarter worth about $548,000. Hsbc Holdings PLC raised its position in shares of XPeng by 2,497.7% during the 4th quarter. Hsbc Holdings PLC now owns 1,828,293 shares of the company’s stock worth $78,350,000 after purchasing an additional 1,757,912 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of XPeng during the 4th quarter worth about $2,047,000. 21.40% of the stock is owned by hedge funds and other institutional investors.

XPEV has been the topic of a number of recent research reports. Citigroup boosted their price objective on XPeng from $50.00 to $50.30 and gave the stock a “buy” rating in a research note on Wednesday, June 2nd. Nomura Instinet started coverage on shares of XPeng in a research report on Wednesday, May 26th. They issued a “buy” rating and a $47.00 target price on the stock. Daiwa Capital Markets raised XPeng from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, March 9th. VTB Capital raised shares of XPeng from a “hold” rating to a “buy” rating in a research note on Thursday, March 11th. Finally, Zacks Investment Research upgraded XPeng from a “sell” rating to a “hold” rating in a research note on Wednesday, May 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. XPeng has an average rating of “Buy” and an average price target of $51.28.

XPEV stock traded up $2.16 during midday trading on Friday, reaching $40.77. 174,562 shares of the company’s stock traded hands, compared to its average volume of 18,508,908. XPeng Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $74.49. The company has a market cap of $32.20 billion and a P/E ratio of -25.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.48 and a quick ratio of 4.27. The stock’s 50-day simple moving average is $31.64.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Thursday, May 13th. The company reported ($0.88) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.41. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.05 billion. XPeng’s quarterly revenue was up 616.1% on a year-over-year basis. Equities analysts expect that XPeng Inc. will post -0.8 earnings per share for the current year.

XPeng Company Profile

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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Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

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