Cable Hill Partners LLC acquired a new stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,177 shares of the company's stock, valued at approximately $335,000.
Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after buying an additional 532 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock valued at $154,000 after purchasing an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares during the last quarter. Quadrant Capital Group LLC raised its stake in XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock valued at $286,000 after buying an additional 913 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock valued at $170,000 after buying an additional 1,027 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
XPEV has been the subject of several recent analyst reports. Sanford C. Bernstein set a $19.00 price target on XPeng and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Morgan Stanley set a $28.00 price target on XPeng and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group upgraded XPeng from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.40 to $24.00 in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.73.
Read Our Latest Stock Report on XPEV
XPeng Price Performance
Shares of NYSE:XPEV traded up $0.08 during trading on Friday, hitting $18.30. 5,362,335 shares of the company's stock were exchanged, compared to its average volume of 11,417,334. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07. XPeng Inc. Sponsored ADR has a 52-week low of $6.60 and a 52-week high of $27.16. The business's 50-day simple moving average is $19.19 and its 200 day simple moving average is $18.54. The company has a market cap of $17.37 billion, a price-to-earnings ratio of -24.40 and a beta of 2.51.
XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. As a group, equities analysts predict that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current year.
XPeng Profile
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Free Report)
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.
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