On September 15, 2023, &Psagot Value Holdings Ltd. Israel announced that it has recently acquired a new stake in the shares of XPeng Inc. (NYSE:XPEV). This acquisition was disclosed in the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund successfully obtained 7,750 shares of XPeng’s stock, which is estimated to be valued at approximately $88,000.
XPeng Inc., based in the People’s Republic of China, is involved in designing, developing, manufacturing, and marketing smart electric vehicles. The company offers a range of vehicles including SUVs under the names G3, G3i, and G9; four-door sports sedans under the names P7 and P7i; and family sedans known as P5.
In addition to its vehicle offerings, XPeng Inc. provides an array of services to enhance the ownership experience for its customers. These services include sales contracts, maintenance support, super charging facilities, technical support, auto financing options, insurance technology support, ride-hailing services, automotive loan referral programs, and other related services. Furthermore, the company also offers vehicle leasing and acts as an insurance agency.
The acquisition of XPeng shares by &Psagot Value Holdings Ltd. demonstrates their confidence in the future prospects of XPeng Inc. as a player in the smart electric vehicle market. This move reflects a strategic investment decision made by &Psagot Value Holdings Ltd., potentially considering factors such as market trends and future growth potentials within the electric vehicle industry.
As an investor or observer of the market landscape surrounding smart electric vehicles, it may be pertinent to closely follow any developments or announcements from both XPeng Inc. and &Psagot Value Holdings Ltd., as these could provide valuable insights into potential shifts within this industry sector.
It is important to note that investing decisions should always be made after careful consideration and analysis of all available information. Therefore, it is advisable for investors to conduct their own research and consult with financial advisors or professionals before making any investment decisions regarding XPeng Inc. or any other company.
Updated on: 04/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Neutral
DCF: Strong Buy
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A Closer Look at XPeng Inc.’s Recent Investment Activities and Analyst Ratings
On September 15, 2023, a number of large investors made significant changes to their positions in XPEV, the stock of XPeng Inc. These investors include Nomura Asset Management Co. Ltd., AdvisorNet Financial Inc., Householder Group Estate & Retirement Specialist LLC, Captrust Financial Advisors, and 1832 Asset Management L.P. Each investor either purchased a new stake or boosted their existing holdings in the company.
Nomura Asset Management Co. Ltd. acquired a new stake in XPeng during the first quarter with a value of $28,000. AdvisorNet Financial Inc., on the other hand, increased its holdings in XPeng by 148.0% in the first quarter and now owns 3,720 shares valued at $41,000. Householder Group Estate & Retirement Specialist LLC experienced an astonishing increase of 1,850.0% in its holdings during the same period, owning 3,900 shares valued at $43,000. Captrust Financial Advisors also boosted its holdings by 50.0%, owning 2,400 shares valued at $66,000 after purchasing an additional 800 shares in the last quarter. Lastly, 1832 Asset Management L.P. bought a new stake in XPeng during the fourth quarter with a valuation of $71,000.
It is worth noting that hedge funds and other institutional investors currently own approximately 11.86% of the stock.
The recent activities among large investors in XPEV have sparked interest among analysts as well. Notably, The Goldman Sachs Group initiated coverage on XPeng and provided a “buy” rating along with a target price of $18.10 per share on July 11th.
Barclays also raised their target price on XPeng from $6.00 to $8.00 while giving the company an “underweight” rating on August 22nd.
Citigroup increased their target price from $6.28 to $15.00, but maintained a “sell” rating on August 2nd.
HSBC upgraded XPeng from a “hold” rating to a “buy” rating and set the target price at $22.00 per share on August 7th.
JPMorgan Chase & Co., however, lowered their target price on XPeng from $18.00 to $16.00 and assigned a “neutral” rating on the stock on August 21st.
In total, four research analysts have rated the stock as sell, four have given it a hold rating, and five have assigned a buy rating. According to Bloomberg.com data, the average rating for XPeng is currently “Hold,” with a consensus price target of $16.10.
As of Friday’s trading session, shares of XPeng opened at $18.34 per share. The company maintains a current ratio of 1.72 and a quick ratio of 1.57 while boasting a debt-to-equity ratio of 0.19.
XPeng’s 50-day moving average is reported to be $17.13, with its 200-day moving average sitting at $12.40 per share.
The stock has experienced significant volatility over the past year, with its lowest point reaching $6.18 and its highest point hitting $23.62 per share.
Currently, XPeng Inc. holds a market capitalization of approximately $15.81 billion and operates with a negative price-to-earnings ratio (-11.18) alongside a beta value of 3.31.
On August 18th, XPeng released its earnings results for the quarter, reporting earnings per share (EPS) of ($0.45), falling short of analysts’ consensus estimates by ($0.16). The company had also recorded negative return on equity (ROE) of 27.32% and a negative net margin of 46.94%. Additionally, XPeng generated $698.18 million in revenue during the quarter, underperforming analysts’ expectations of $792.50 million.
Sell-side analysts anticipate that XPeng Inc. will post -1.68 EPS for the current fiscal year.
Overall, XPeng’s recent investment activities and performance have attracted significant attention from investors and analysts alike. As the company continues to navigate challenges in the market, upcoming reports and developments will shed more light on its prospects moving forward.