Monetta Financial Services Inc. Acquires 10,000 Shares of XPeng Inc. (NYSE:XPEV)

Monetta Financial Services Inc. increased its holdings in XPeng Inc. (NYSE:XPEVGet Rating) by 62.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 26,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Monetta Financial Services Inc.’s holdings in XPeng were worth $717,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC bought a new stake in XPeng during the fourth quarter valued at $40,000. UMB Bank N A MO bought a new stake in XPeng during the fourth quarter valued at $41,000. AdvisorNet Financial Inc boosted its position in shares of XPeng by 114.1% during the 1st quarter. AdvisorNet Financial Inc now owns 2,013 shares of the company’s stock worth $56,000 after purchasing an additional 1,073 shares in the last quarter. Signaturefd LLC boosted its position in shares of XPeng by 49.0% during the 1st quarter. Signaturefd LLC now owns 2,779 shares of the company’s stock worth $77,000 after purchasing an additional 914 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new position in shares of XPeng during the 4th quarter worth about $87,000. Institutional investors own 27.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XPEV shares. Barclays cut their price objective on shares of XPeng from $39.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 24th. Macquarie cut shares of XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Wednesday. Bank of America cut their price objective on shares of XPeng from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, May 24th. Nomura cut shares of XPeng from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $64.60 to $36.30 in a research report on Thursday, June 30th. Finally, Nomura Instinet restated a “neutral” rating and issued a $36.30 target price on shares of XPeng in a report on Friday, July 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.

XPeng Stock Down 3.2 %

NYSE:XPEV traded down $0.76 on Friday, hitting $23.33. The stock had a trading volume of 6,644,812 shares, compared to its average volume of 9,767,379. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.29. The stock has a market cap of $19.96 billion, a P/E ratio of -21.60 and a beta of 3.11. XPeng Inc. has a 1 year low of $18.01 and a 1 year high of $56.45. The firm’s fifty day simple moving average is $27.57 and its two-hundred day simple moving average is $28.70.

XPeng (NYSE:XPEVGet Rating) last posted its quarterly earnings data on Monday, May 23rd. The company reported ($0.32) EPS for the quarter. The firm had revenue of $1.18 billion during the quarter. XPeng had a negative net margin of 22.63% and a negative return on equity of 14.59%. Analysts predict that XPeng Inc. will post -3.69 earnings per share for the current year.

XPeng Profile

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XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services.

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Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

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