China Universal Asset Management Co. Ltd. Has $663,000 Holdings in XPeng Inc. Sponsored ADR (NYSE:XPEV)

China Universal Asset Management Co. Ltd. lowered its holdings in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 54.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,000 shares of the company's stock after selling 38,000 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in XPeng were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TMT General Partner Ltd boosted its position in shares of XPeng by 88.2% during the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock valued at $678,099,000 after acquiring an additional 15,340,907 shares during the last quarter. Alibaba Group Holding Ltd lifted its holdings in XPeng by 21.2% during the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock valued at $448,678,000 after buying an additional 6,650,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after buying an additional 4,227,055 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in XPeng by 947.5% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock valued at $20,800,000 after buying an additional 1,591,750 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of XPeng in the 4th quarter valued at about $9,398,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Price Performance

Shares of NYSE:XPEV traded down $0.27 during trading on Wednesday, reaching $17.66. The company had a trading volume of 5,127,180 shares, compared to its average volume of 11,654,671. The firm's fifty day moving average is $19.44 and its 200 day moving average is $18.29. The firm has a market capitalization of $16.76 billion, a PE ratio of -23.55 and a beta of 2.51. XPeng Inc. Sponsored ADR has a twelve month low of $6.60 and a twelve month high of $27.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.21.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.51) by $1.41. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. On average, equities analysts forecast that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XPEV. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and increased their target price for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. Barclays upped their price objective on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Daiwa Capital Markets reiterated a "neutral" rating and issued a $24.00 target price on shares of XPeng in a research note on Wednesday, March 19th. Bank of America upped their price objective on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Finally, Sanford C. Bernstein set a $19.00 price objective on shares of XPeng and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.73.

XPeng 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.