Mizuho Securities Co. Ltd. Acquires New Stake in XPeng Inc. (NYSE:XPEV)

Mizuho Securities Co. Ltd. acquired a new stake in shares of XPeng Inc. (NYSE:XPEV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,000 shares of the company’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPEV. Ronald Blue Trust Inc. increased its position in XPeng by 46.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,713 shares of the company’s stock valued at $87,000 after buying an additional 1,494 shares in the last quarter. Raymond James & Associates purchased a new stake in XPeng during the 3rd quarter valued at $242,000. Lindbrook Capital LLC boosted its stake in 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 during the last quarter. RWC Asset Advisors US LLC purchased a new stake in XPeng during the 3rd quarter valued at $29,830,000. Finally, RWC Asset Management LLP purchased a new stake in XPeng during the 3rd quarter valued at $8,291,000. Institutional investors own 23.05% of the company’s stock.

XPeng Stock Performance

Shares of XPEV traded up $0.20 during trading hours on Tuesday, hitting $7.18. The stock had a trading volume of 11,762,591 shares, compared to its average volume of 13,817,059. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $23.62. The firm has a market capitalization of $6.76 billion, a PE ratio of -4.27 and a beta of 2.93. The stock has a fifty day moving average price of $8.60 and a 200 day moving average price of $12.00.

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

Wall Street Analyst Weigh In

Several analysts have commented on XPEV shares. Macquarie started coverage on 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 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 assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.