GF Fund Management CO. LTD. Makes New $454,000 Investment in XPeng Inc. Sponsored ADR (NYSE:XPEV)

GF Fund Management CO. LTD. bought a new stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,929 shares of the company's stock, valued at approximately $454,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after purchasing an additional 1,138 shares during the period. PNC Financial Services Group Inc. raised its stake in XPeng by 5.8% in 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. HighTower Advisors LLC raised its stake in XPeng by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 14,507 shares of the company's stock valued at $171,000 after purchasing an additional 3,102 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock valued at $170,000 after purchasing an additional 1,027 shares in the last quarter. Finally, 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 worth $30,000 after acquiring an additional 898 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on XPEV shares. Daiwa Capital Markets reissued a "neutral" rating and set a $24.00 target price on shares of XPeng in a research note on Wednesday, March 19th. The Goldman Sachs Group raised XPeng from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $16.40 to $24.00 in a research note on Tuesday, June 17th. Bank of America boosted their target price on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. Barclays boosted their target price on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. Finally, Nomura raised XPeng from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.73.

XPeng Trading Up 2.2%

Shares of XPeng stock traded up $0.41 on Friday, hitting $18.78. The stock had a trading volume of 6,877,389 shares, compared to its average volume of 11,727,023. The stock has a 50 day moving average of $19.50 and a 200 day moving average of $18.22. 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 firm has a market capitalization of $17.82 billion, a P/E ratio of -25.03 and a beta of 2.51.

XPeng (NYSE:XPEV - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating 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 business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $15.80 billion. Sell-side analysts expect that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.

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.