Jump Financial LLC Sells 40,360 Shares of XPeng Inc. Sponsored ADR $XPEV

Key Points

• Jump Financial LLC has decreased its stake in XPeng Inc. Sponsored ADR (NYSE:XPEV) by 8.2%, selling 40,360 shares, which leaves them with a total of 451,434 shares valued at approximately $9.35 million.
• Other institutional investors such as Farther Finance Advisors LLC and Atlas Capital Advisors Inc. have significantly increased their stakes in XPeng, with Farther Finance boosting its position by 70.1% and Atlas Capital by 651% during the same period.
• XPeng recently reported quarterly earnings of ($0.10) per share, significantly beating the consensus estimate of ($1.51), and its revenue for the quarter was $2.18 billion, well below analyst estimates of $15.80 billion.

Jump Financial LLC lessened its position in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 451,434 shares of the company's stock after selling 40,360 shares during the period. Jump Financial LLC's holdings in XPeng were worth $9,354,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in XPeng by 70.1% in the 1st 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. Atlas Capital Advisors Inc. grew its holdings in XPeng by 651.0% in the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock worth $31,000 after acquiring an additional 1,302 shares during the last quarter. Garde Capital Inc. bought a new stake in XPeng in the 1st quarter worth $39,000. Natixis bought a new stake in XPeng in the 4th quarter worth $43,000. Finally, SVB Wealth LLC bought a new stake in XPeng in the 1st quarter worth $46,000. Institutional investors own 21.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. The Goldman Sachs Group raised shares of XPeng from a "neutral" rating to a "buy" rating and raised their target price for the stock from $16.40 to $24.00 in a research report on Tuesday, June 17th. BNP Paribas Exane assumed coverage on shares of XPeng in a research report on Monday, August 18th. They issued a "neutral" rating and a $19.00 target price for the company. BNP Paribas assumed coverage on shares of XPeng in a research report on Monday, August 18th. They issued a "hold" rating for the company. Finally, Bank of America raised their target price on shares of XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.85.

XPeng Stock Performance

Shares of XPEV stock traded down $0.80 during trading hours on Thursday, reaching $21.90. The company had a trading volume of 10,700,748 shares, compared to its average volume of 9,946,190. The business has a fifty day moving average price of $19.26 and a 200-day moving average price of $19.70. XPeng Inc. Sponsored ADR has a one year low of $7.47 and a one year high of $27.16. The firm has a market cap of $20.78 billion, a PE ratio of -34.76 and a beta of 2.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14.

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.