GF Fund Management CO. LTD. acquired a new stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,929 shares of the company's stock, valued at approximately $454,000.
A number of other hedge funds also recently bought and sold shares of the company. Alibaba Group Holding Ltd lifted its stake in XPeng by 21.2% during the fourth 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. TMT General Partner Ltd lifted its position in shares of XPeng by 88.2% in the first quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock worth $678,099,000 after purchasing an additional 15,340,907 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of XPeng by 1,138.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after purchasing an additional 4,227,055 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of XPeng by 947.5% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock worth $20,800,000 after purchasing an additional 1,591,750 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of XPeng by 51.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,073,367 shares of the company's stock worth $12,687,000 after purchasing an additional 366,667 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on XPEV shares. Citigroup raised shares of XPeng from a "neutral" rating to a "buy" rating and increased their price target for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and increased their price target for the stock from $14.00 to $30.00 in a research report on Wednesday, March 19th. Daiwa America lowered shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Barclays increased their price target on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. Finally, Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.73.
Check Out Our Latest Research Report on XPeng
XPeng Stock Performance
XPEV stock traded up $0.11 during midday trading on Tuesday, hitting $18.02. 3,151,950 shares of the company traded hands, compared to its average volume of 11,675,627. XPeng Inc. Sponsored ADR has a twelve month low of $6.60 and a twelve month high of $27.16. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The business has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $18.30. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of -24.03 and a beta of 2.51.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly 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 company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $15.80 billion. As a group, equities research analysts predict that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current year.
XPeng Company 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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