Golden State Wealth Management LLC Makes New $41,000 Investment in XPeng Inc. (NYSE:XPEV)

Golden State Wealth Management LLC acquired a new stake in XPeng Inc. (NYSE:XPEV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,433 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC raised its position in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of XPeng during the 3rd quarter valued at about $45,000. Venturi Wealth Management LLC acquired a new position in XPeng during the 3rd quarter worth approximately $110,000. Atomi Financial Group Inc. acquired a new position in XPeng during the 3rd quarter worth approximately $129,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock worth $163,000 after acquiring an additional 2,609 shares during the period. Hedge funds and other institutional investors own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XPEV shares. Macquarie reiterated a “neutral” rating and set a $18.00 price objective on shares of XPeng in a research note on Friday, February 7th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. UBS Group reaffirmed a “sell” rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a report on Friday, November 22nd. Finally, Citigroup dropped their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.91.

XPeng Price Performance

Shares of XPEV opened at $15.50 on Wednesday. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $17.70. 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 firm has a market cap of $14.60 billion, a price-to-earnings ratio of -17.81 and a beta of 2.77. The stock has a 50 day moving average of $13.54 and a 200-day moving average of $11.38.

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.