XPeng Inc. (NYSE:XPEV) Shares Sold by Harel Insurance Investments & Financial Services Ltd.


Harel Insurance Investments & Financial Services Ltd. reduced its holdings in XPeng Inc. (NYSE:XPEV – Get Rating ) by 21.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,456 shares of the company’s stock after selling 1,219 shares during the period. The holdings of Harel Insurance Investments & Financial Services Ltd. in XPeng were worth $123,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp boosted its holdings in shares of XPeng by 314.4% in the fourth quarter. Alberta Investment Management Corp now owns 277,245 shares of the company’s stock valued at $13,954,000 after buying an additional 210,345 shares in the last quarter. Oxbow Advisors LLC acquired a new position in shares of XPeng in the fourth quarter valued at approximately $215,000. Paradigm Financial Advisors LLC increased its holdings in shares of XPeng by 33.3% during the fourth quarter. Paradigm Financial Advisors LLC now owns 18,168 shares of the company’s stock valued at $914,000 after buying an additional 4,538 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of XPeng by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 1,584,405 shares of the company’s stock valued at $79,092,000 after buying an additional 189,355 shares in the last quarter. Finally, Element Pointe Advisors LLC boosted its holdings in shares of XPeng by 34.7% in the fourth quarter. Element Pointe Advisors LLC now owns 30,286 shares of the company’s stock valued at $1,524,000 after buying an additional 7,802 shares in the last quarter. Institutional investors and hedge funds own 27.01% of the company’s shares.

Wall Street analysts forecast growth

Several research analysts have commented on the stock. Nomura lowered shares of XPeng from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $64.60 to $36.30 in a report on Thursday, June 30th. Nomura Instinet restated a “neutral” rating and set a $36.30 target price on shares of XPeng in a report on Friday, July 1st. Citigroup upped their target price on shares of XPeng from $36.70 to $51.59 and gave the stock a “buy” rating in a report on Tuesday, June 21st. HSBC assumed coverage on shares of XPeng in a report on Friday, April 1st. They set a “buy” rating and a $37.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of XPeng from $42.00 to $35.00 in a report on Tuesday, May 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Moderate Buy” and a consensus price target of $41.67, according to MarketBeat.com.

XPeng stock down 7.3%

Shares of NYSE:XPEV opened at $24.92 on Monday. The company has a market cap of $21.32 billion, a PE ratio of -23.07 and a beta of 4.05. The company has a current ratio of 2.29, a quick ratio of 2.11, and a debt-to-equity ratio of 0.09. XPeng Inc. has a twelve month low of $18.01 and a twelve month high of $56.45. The firm has a 50-day simple moving average of $27.22 and a 200-day simple moving average of $30.06.

XPeng (NYSE:XPEV – Get Rating ) last posted its quarterly earnings results on Monday, May 23rd. The company reported ($0.32) EPS for the quarter. XPeng had a negative net margin of 22.63% and a negative return on equity of 14.59%. The business had revenue of $1.18 billion during the quarter. On average, equities analysts predict that XPeng Inc. will post -1.42 EPS for the current fiscal year.

XPeng Company 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 names G3 and G3i; four-door sports sedans under the name P7; and family sedans under the name P5. The company also provides sales contracts, maintenance, supercharging, vehicle leasing, insurance agency, transportation arrangement, technical support, referral car loans and car financing, music subscription and other services.

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Institutional Ownership by Quarter for XPeng (NYSE:XPEV)



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