RWC Asset Advisors US LLC Has $64.70 Million Position in XPeng Inc. (NYSE:XPEV)

RWC Asset Advisors US LLC grew its position in shares of XPeng Inc. (NYSE:XPEV) by 170.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,434,392 shares of the company’s stock after acquiring an additional 2,793,550 shares during the quarter. XPeng comprises about 5.1% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 8th largest holding. RWC Asset Advisors US LLC owned about 0.51% of XPeng worth $64,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. XY Capital Ltd boosted its holdings in shares of XPeng by 554.5% during the third quarter. XY Capital Ltd now owns 327,229 shares of the company’s stock valued at $6,008,000 after acquiring an additional 277,229 shares during the period. NINE MASTS CAPITAL Ltd lifted its holdings in XPeng by 1,765.6% in the third quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company’s stock worth $6,122,000 after purchasing an additional 324,297 shares during the period. RWC Asset Management LLP acquired a new stake in XPeng in the third quarter worth about $8,291,000. Ballentine Partners LLC lifted its holdings in XPeng by 14.6% in the fourth quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after purchasing an additional 1,729 shares during the period. Finally, Mariner LLC lifted its holdings in XPeng by 37.5% in the third quarter. Mariner LLC now owns 25,141 shares of the company’s stock worth $462,000 after purchasing an additional 6,858 shares during the period. Institutional investors and hedge funds own 23.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XPEV shares. JPMorgan Chase & Co. reduced their price objective on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Macquarie started coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price target for the company. Three research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.48.

XPeng Stock Up 10.7 %

Shares of XPEV traded up $0.76 during trading hours on Friday, reaching $7.84. The company’s stock had a trading volume of 19,376,531 shares, compared to its average volume of 12,941,547. The company has a 50 day moving average of $8.49 and a two-hundred day moving average of $11.88. XPeng Inc. has a 1-year low of $6.55 and a 1-year high of $23.62. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of -4.67 and a beta of 2.93. 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 (NYSE:XPEV) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. The firm had revenue of $1.84 billion during the quarter. As a group, research analysts predict that XPeng Inc. will post -1.25 EPS for the current fiscal year.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.