As of the last Form 13F filing with the Securities and Exchange Commission, Credit Suisse AG has made a bold move and lowered its stake in shares of XPeng Inc. (NYSE:XPEV) by 52.8% during the 4th quarter. This comes as an unexpected move for many investors, who have been closely following Credit Suisse’s portfolio changes.
Before the sale, Credit Suisse AG owned approximately 0.14% of XPeng worth $12,013,000. However, after selling 1,349,352 shares during the period, its stake in XPeng fell to just over half that amount. It now owns only 1,208,566 shares of the company’s stock.
XPeng (NYSE:XPEV), which most recently released its earnings results on Friday, March 17th, reported ($0.40) earnings per share for the quarter – falling just short of consensus estimates with a loss per share of ($0.39). On a positive note however, the company managed to generate revenue amounting to $745.28 million for the same period.
Despite concerns from equities analysts about Xpeng’s negative return on equity and negative net margin (-25.80% and -41.74%, respectively), there is still optimism among traders that prove otherwise as they anticipate that XPeng Inc will post -1.21 EPS for the current fiscal year.
Looking at both Credit Suisse’s actions and XPeng’s financials during its most recent quarter-end reporting period can provide insight into potential investment opportunities in this market segment moving forward.
While some may choose to interpret Credit Suisse’s decision as a sign of lackluster performance by XPeng Inc., others see it as an opportunity to invest now while valuation is still relatively low but with all potentials still untapped thus maximizing ROI later down the line if predictions eventually become fruitful especially for risk-taking investors. Overall, XPeng Inc’s future looks promising despite the bearish movements experienced during these times by the automobile industry as a whole.
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Institutional Investors Show Interest in XPeng Inc. as Technology Revolutionizes Business Operations
The rapidly evolving world of modern technology has revolutionized the way businesses function, encouraging investors and hedge funds to keep a close eye on the latest developments in the industry. A case in point is XPeng Inc., which has recently witnessed significant shifts in its investor base.
According to recent reports, institutional investors have been making strategic moves related to their positions in the company. Swiss private bank Banque Pictet & Cie SA acquired a new stake worth approximately $577,000 in shares of XPeng during the fourth quarter, while Quadrant Capital Group LLC increased their holdings by 150.2% in Q3, adding 2,247 shares and bringing their total ownership to 3,743 shares worth around $45,000. Blueshift Asset Management LLC also joined the bandwagon and purchased a new stake worth approximately $264,000 during Q3.
Another institutional investor making headlines was global insurance firm AXA S.A., which raised its stake in XPeng by 0.5% during Q3. They now own 307,700 shares that are valued at $3,677,000 after acquiring an additional 1,600 shares last quarter.
Finally, Bank of Montreal Can made headlines when they increased their stake by a whopping 1194.3% in the fourth quarter alone after buying an additional 1,091,067 shares valued at $11,812,000. There is no doubt that these high-value investments are expected to contribute significantly toward the growth and development of XPeng Inc.
Apart from such notable investments coming from major institutional players with deep pockets comes good news for traders looking for bargain prices as Xpeng’s one-year low stands at $6.18 compared to a one-year high of $35.35. This makes this stock effectively very inexpensive despite having strong fundamentals going forward.
Looking deeper into financial ratios highlights debt-to-equity ratio of 0.17 coupled with a current ratio of 1.68 making the company more capable of paying off its debts when due. Furthermore, XPeng shares have a market cap worth $7.59 billion, with a P/E ratio of -5.34 and a beta of 2.85.
The firm has a 50-day simple moving average of $9.50, which has acted as resistance in the past to prevent breakouts above this level showing that traders should monitor price action around it closely for clues on the next direction Xpeng will take. On the other hand, there is an encouraging scenario as well: if XPeng can succeed at breaking through this resistance level, it could be a signal indicating upward momentum.
Institutional investors and hedge funds currently own just under 25% of XPeng Inc., highlighting their growing interest in technology companies with high growth potential like Xpeng which are expected to show promising signs going forward. The future of XPeng looks bright as it continues to strengthen its position as one of the top players in today’s rapidly advancing technological landscape while continuing to meet evolving market demands and capture upcoming opportunities resulting from global ecological policy changes encouraging electric vehicles adoption worldwide.
