Primecap Management Co. CA Raises Stake in XPeng Inc. (NYSE:XPEV)

Primecap Management Co. CA boosted its position in XPeng Inc. (NYSE:XPEV) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,497,823 shares of the company’s stock after buying an additional 624,926 shares during the period. Primecap Management Co. CA’s holdings in XPeng were worth $182,343,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA boosted its position in XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after buying an additional 1,450 shares during the last quarter. Headlands Technologies LLC purchased a new stake in XPeng in the 3rd quarter worth approximately $65,000. Rakuten Securities Inc. purchased a new stake in XPeng in the 4th quarter worth approximately $59,000. Mizuho Securities Co. Ltd. purchased a new stake in XPeng in the 4th quarter worth approximately $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in XPeng by 25.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,550 shares of the company’s stock worth $154,000 after purchasing an additional 2,151 shares in the last quarter. Hedge funds and other institutional investors own 23.05% of the company’s stock.

XPeng Price Performance

NYSE XPEV traded up $0.10 during mid-day trading on Friday, hitting $8.20. The stock had a trading volume of 8,066,700 shares, compared to its average volume of 17,734,810. The firm’s 50 day moving average is $8.07 and its 200 day moving average is $10.87. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $23.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.36. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of -5.54 and a beta of 2.84.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. The firm had revenue of $1.84 billion during the quarter. Equities research analysts forecast that XPeng Inc. will post -1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday. Macquarie assumed coverage on XPeng in a research report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective on the stock. Daiwa America upgraded XPeng to a “strong-buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.89.

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.