Compagnie Lombard Odier SCmA Has $96,000 Position in XPeng Inc. (NYSE:XPEV)

Compagnie Lombard Odier SCmA grew its holdings in XPeng Inc. (NYSE:XPEV) by 1,703.3% during the 4th quarter, HoldingsChannel reports. The firm owned 8,115 shares of the company’s stock after acquiring an additional 7,665 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in XPeng were worth $96,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TMT General Partner Ltd bought a new stake in shares of XPeng in the fourth quarter valued at about $205,501,000. Point72 Hong Kong Ltd bought a new stake in shares of XPeng in the third quarter valued at about $22,047,000. Y Intercept Hong Kong Ltd bought a new stake in shares of XPeng in the third quarter valued at about $6,233,000. FMR LLC lifted its stake in shares of XPeng by 1,053.8% in the third quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after buying an additional 295,536 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd lifted its stake in shares of XPeng by 36.0% in the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock valued at $4,969,000 after buying an additional 108,000 shares during the period. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Stock Performance

NYSE:XPEV opened at $16.64 on Friday. XPeng Inc. has a 1 year low of $6.55 and a 1 year high of $17.70. The firm has a 50 day moving average of $13.72 and a 200-day moving average of $11.49. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $15.67 billion, a P/E ratio of -19.12 and a beta of 2.77.

Wall Street Analyst Weigh In

XPEV has been the subject of several research reports. Macquarie reiterated a “neutral” rating and issued a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. The Goldman Sachs Group cut shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. Citigroup reduced their target price 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. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research note on Friday, November 22nd. Finally, Sanford C. Bernstein raised their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, XPeng has an average rating of “Moderate Buy” and an average price target of $12.91.

About XPeng

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.