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

China Universal Asset Management Co. Ltd. cut its position in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 54.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of 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 during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 in the last quarter. Garde Capital Inc. acquired a new position in XPeng during the first quarter valued at approximately $39,000. Natixis acquired a new position in XPeng during the fourth quarter valued at approximately $43,000. Finally, Public Employees Retirement System of Ohio acquired a new position in XPeng during the fourth quarter valued at approximately $70,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Price Performance

NYSE XPEV traded down $0.02 on Friday, reaching $17.41. The company's stock had a trading volume of 6,040,307 shares, compared to its average volume of 11,511,740. 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. The stock has a market cap of $16.52 billion, a PE ratio of -23.21 and a beta of 2.51. The firm's 50 day moving average is $19.35 and its two-hundred day moving average is $18.39.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share 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 company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $15.80 billion. As a group, sell-side analysts predict that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XPEV. Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. Barclays lifted their price target on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. Morgan Stanley set a $28.00 price target on shares of XPeng and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. Finally, Daiwa America lowered shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, XPeng currently has a consensus rating of "Moderate Buy" and an average target price of $23.73.

About XPeng

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.