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.
Read Our Latest Research Report on XPEV
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
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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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