41,341 Shares in XPeng Inc. Sponsored ADR $XPEV Bought by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has acquired 41,341 shares of XPeng Inc., valued at approximately $856,000, signaling institutional interest in the electric vehicle company.
• Several hedge funds have increased their stakes in XPeng, with notable increases from Farther Finance Advisors LLC (70.1%) and Atlas Capital Advisors Inc. (651.0%) during the 1st quarter.
• Wall Street analysts have a consensus rating of Moderate Buy for XPeng, with an average price target of $23.85, indicating a bullish outlook on the stock's future performance.

Quantitative Investment Management LLC acquired a new stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 41,341 shares of the company's stock, valued at approximately $856,000.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in shares of XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after purchasing an additional 532 shares during the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of XPeng by 651.0% in the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after buying an additional 1,302 shares in the last quarter. Garde Capital Inc. acquired a new position in XPeng during the first quarter worth $39,000. SVB Wealth LLC bought a new stake in XPeng during the first quarter worth $46,000. Finally, Bayforest Capital Ltd lifted its stake in XPeng by 145.5% in the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock valued at $47,000 after acquiring an additional 1,353 shares during the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $28.00 target price on shares of XPeng and gave the company an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and raised their target price for the company from $16.40 to $24.00 in a research note on Tuesday, June 17th. Macquarie raised their target price on shares of XPeng from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Bank of America raised their target price on shares of XPeng from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Finally, Citigroup lifted their price objective on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, XPeng has a consensus rating of "Moderate Buy" and an average price target of $23.85.

XPeng Stock Performance

Shares of XPeng stock traded down $0.80 during trading on Thursday, reaching $21.90. The company's stock had a trading volume of 10,722,095 shares, compared to its average volume of 9,946,300. The business's 50-day moving average price is $19.26 and its 200-day moving average price is $19.70. The firm has a market cap of $20.78 billion, a PE ratio of -34.76 and a beta of 2.50. XPeng Inc. Sponsored ADR has a 52 week low of $7.47 and a 52 week high of $27.16. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

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.