Robeco Schweiz AG Lowers Stock Position in XPeng Inc. (NYSE:XPEV)

Robeco Schweiz AG trimmed its stake in XPeng Inc. (NYSE:XPEV) by 20.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,800,900 shares of the company’s stock after selling 458,151 shares during the period. Robeco Schweiz AG owned about 0.19% of XPeng worth $21,287,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its position in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of XPeng in the 4th quarter valued at $41,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of XPeng in the 3rd quarter valued at $45,000. Compagnie Lombard Odier SCmA lifted its stake in XPeng by 1,703.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock worth $96,000 after acquiring an additional 7,665 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in XPeng during the 3rd quarter valued at about $110,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Performance

NYSE:XPEV opened at $22.04 on Thursday. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $22.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a market capitalization of $20.76 billion, a PE ratio of -25.33 and a beta of 2.77. The business’s fifty day moving average price is $14.70 and its 200 day moving average price is $12.20.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on XPEV shares. The Goldman Sachs Group cut shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and increased their target price for the stock from $8.80 to $18.00 in a report on Monday. Citigroup dropped their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Finally, China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.93.

XPeng Company Profile

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.