XPeng Inc. (NYSE:XPEV) Stock Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of XPeng Inc. (NYSE:XPEVGet Rating) by 367.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,344 shares of the company’s stock after buying an additional 82,831 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in XPeng were worth $2,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XPEV. UMB Bank N A MO bought a new position in XPeng in the 4th quarter worth about $41,000. AdvisorNet Financial Inc grew its position in XPeng by 114.1% in the 1st quarter. AdvisorNet Financial Inc now owns 2,013 shares of the company’s stock worth $56,000 after purchasing an additional 1,073 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in XPeng in the 1st quarter worth about $61,000. Signaturefd LLC grew its position in XPeng by 49.0% in the 1st quarter. Signaturefd LLC now owns 2,779 shares of the company’s stock worth $77,000 after purchasing an additional 914 shares during the last quarter. Finally, US Bancorp DE grew its position in XPeng by 13.9% in the 1st quarter. US Bancorp DE now owns 6,271 shares of the company’s stock worth $173,000 after purchasing an additional 767 shares during the last quarter. Institutional investors own 25.15% of the company’s stock.

XPeng Stock Down 1.4 %

XPEV stock opened at $18.26 on Wednesday. XPeng Inc. has a 12 month low of $17.95 and a 12 month high of $56.45. The firm has a 50 day simple moving average of $26.09 and a 200 day simple moving average of $26.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.78.

Analyst Upgrades and Downgrades

XPEV has been the subject of several recent analyst reports. Barclays cut shares of XPeng from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $30.00 to $22.00 in a research report on Tuesday, August 23rd. Nomura Instinet reaffirmed a “neutral” rating and issued a $36.30 price target on shares of XPeng in a research note on Friday, July 1st. Macquarie lowered shares of XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Wednesday, August 3rd. Nomura lowered shares of XPeng from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $64.60 to $36.30 in a research note on Thursday, June 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of XPeng from $42.00 to $35.00 in a research note on Tuesday, May 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, XPeng presently has an average rating of “Moderate Buy” and a consensus price target of $37.92.

About XPeng

(Get Rating)

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services.

See Also

Institutional Ownership by Quarter for XPeng (NYSE:XPEV)

Receive News & Ratings for XPeng Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPeng and related companies with MarketBeat.com's FREE daily email newsletter.