Central Asset Investments & Management Holdings HK Ltd Has $4.97 Million Stock Holdings in XPeng Inc. (NYSE:XPEV)

Central Asset Investments & Management Holdings HK Ltd increased its holdings in XPeng Inc. (NYSE:XPEV) by 36.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 408,000 shares of the company’s stock after purchasing an additional 108,000 shares during the quarter. XPeng makes up 4.9% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 5th biggest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in XPeng were worth $4,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis acquired a new position in shares of XPeng in the 1st quarter worth approximately $38,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in XPeng by 122.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock valued at $39,000 after acquiring an additional 2,920 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in XPeng during the 3rd quarter worth about $45,000. Blue Trust Inc. raised its position in shares of XPeng by 2,615.9% in the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock worth $75,000 after acquiring an additional 9,391 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new position in shares of XPeng in the 2nd quarter valued at about $78,000. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XPEV has been the subject of several recent analyst reports. Bank of America decreased their target price on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Finally, Citigroup decreased their price target on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $9.42.

XPeng Stock Performance

NYSE XPEV opened at $12.74 on Friday. The company has a fifty day simple moving average of $11.44 and a 200 day simple moving average of $9.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $18.74.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The business had revenue of $1.12 billion for the quarter. As a group, sell-side analysts expect that XPeng Inc. will post -1 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.