Sender Co & Partners Inc. Makes New $360,000 Investment in XPeng Inc. Sponsored ADR $XPEV

Key Points

• Sender Co & Partners Inc. acquired 17,374 shares of XPeng Inc., valued at approximately $360,000, marking a new position in the electric vehicle company.
• Institutional investors own 21.09% of XPeng's stock, with significant increases in holdings from various firms during the first quarter, including a remarkable 567.4% increase by BNP Paribas Financial Markets.
• XPeng's stock has a market cap of $18.83 billion, with analysts maintaining a moderate buy rating and an average target price of $23.85.

Sender Co & Partners Inc. bought a new position in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,374 shares of the company's stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XPEV. Farther Finance Advisors LLC grew its position in XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after acquiring an additional 532 shares in the last quarter. Atlas Capital Advisors Inc. grew its position in XPeng by 651.0% in the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock worth $31,000 after acquiring an additional 1,302 shares in the last quarter. Garde Capital Inc. purchased a new position in XPeng in the first quarter worth $39,000. SVB Wealth LLC purchased a new position in XPeng in the first quarter worth $46,000. Finally, Bayforest Capital Ltd boosted its position in XPeng by 145.5% during the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock valued at $47,000 after buying an additional 1,353 shares during the period. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Trading Up 1.9%

Shares of XPeng stock traded up $0.39 during trading on Friday, reaching $20.97. 3,269,979 shares of the stock were exchanged, compared to its average volume of 9,788,389. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average is $19.71 and its 200 day moving average is $19.97. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of -33.31 and a beta of 2.51. XPeng Inc. Sponsored ADR has a 1 year low of $8.59 and a 1 year high of $27.16.

Analysts Set New Price Targets

Several research firms have issued reports on XPEV. Macquarie upped their price target on shares of XPeng from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. BNP Paribas began coverage on shares of XPeng in a research report on Monday, August 18th. They set a "hold" rating for the company. BNP Paribas Exane began coverage on shares of XPeng in a research report on Monday, August 18th. They set a "neutral" rating and a $19.00 price target for the company. Sanford C. Bernstein set a $19.00 price target on shares of XPeng and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their price target for the company from $16.40 to $24.00 in a research report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, XPeng has an average rating of "Moderate Buy" and an average price target of $23.85.

XPeng Company Profile

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.