GF Fund Management CO. LTD. Acquires New Stake in XPeng Inc. Sponsored ADR (NYSE:XPEV)

GF Fund Management CO. LTD. acquired a new stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,929 shares of the company's stock, valued at approximately $454,000.

A number of other hedge funds have also modified their holdings of XPEV. Farther Finance Advisors LLC boosted its holdings in shares of XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after buying an additional 532 shares during the period. EverSource Wealth Advisors LLC boosted its stake in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares during the period. Garde Capital Inc. acquired a new stake in XPeng in the 1st quarter valued at approximately $39,000. Lindbrook Capital LLC lifted its holdings in shares of 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 buying an additional 1,138 shares during the last quarter. Finally, Natixis bought a new stake in shares of XPeng in the fourth quarter valued at approximately $43,000. 21.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XPEV. Sanford C. Bernstein set a $19.00 price objective on XPeng and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Citigroup raised XPeng from a "neutral" rating to a "buy" rating and raised their price target for the company from $13.70 to $29.00 in a report on Monday, March 10th. Barclays increased their target price on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. Bank of America boosted their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley set a $28.00 price objective on XPeng and gave the stock an "overweight" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, XPeng has an average rating of "Moderate Buy" and an average price target of $23.73.

XPeng Stock Performance

Shares of XPEV stock traded down $0.81 during midday trading on Monday, hitting $18.05. 2,737,731 shares of the company were exchanged, compared to its average volume of 11,692,162. XPeng Inc. Sponsored ADR has a 52 week low of $6.60 and a 52 week high of $27.16. The firm has a market capitalization of $17.13 billion, a P/E ratio of -24.07 and a beta of 2.51. The firm's 50 day moving average price is $19.50 and its two-hundred day moving average price is $18.26. 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 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 during the quarter, compared to the consensus estimate of $15.80 billion. As a group, equities research analysts anticipate that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current 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.