RWC Asset Management LLP Purchases 765,824 Shares of XPeng Inc. (NYSE:XPEV)

RWC Asset Management LLP boosted its position in XPeng Inc. (NYSE:XPEV) by 167.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,221,899 shares of the company’s stock after acquiring an additional 765,824 shares during the period. RWC Asset Management LLP owned 0.14% of XPeng worth $17,828,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA boosted its stake in shares of XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of XPeng by 33.0% during the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after purchasing an additional 781 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of XPeng during the 4th quarter valued at about $59,000. Headlands Technologies LLC bought a new stake in shares of XPeng during the 3rd quarter valued at about $65,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of XPeng during the 4th quarter valued at about $102,000. Institutional investors own 23.05% of the company’s stock.

XPeng Stock Up 10.7 %

NYSE:XPEV traded up $0.76 during mid-day trading on Friday, hitting $7.84. 19,376,531 shares of the company’s stock were exchanged, compared to its average volume of 12,941,547. XPeng Inc. has a one year low of $6.55 and a one year high of $23.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The business has a fifty day moving average price of $8.49 and a 200 day moving average price of $11.88. The company has a market cap of $7.39 billion, a PE ratio of -4.67 and a beta of 2.93.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $1.84 billion during the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. Equities analysts predict that XPeng Inc. will post -1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XPEV. Macquarie began coverage on shares of XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, XPeng currently has an average rating of “Hold” and an average price target of $17.48.

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.