Nations Financial Group Inc. IA ADV Purchases New Shares in XPeng Inc. Sponsored ADR $XPEV

Key Points

• Nations Financial Group Inc. has acquired a new stake in XPeng Inc., purchasing 35,773 shares valued at approximately $741,000.
• Various institutional investors have also increased their holdings in XPeng, indicating growing confidence in the stock amid a generally positive outlook from analysts.
• XPeng's recent earnings report showed a surprising EPS of ($0.10), significantly beating the expected ($1.51), despite the company's revenue falling short of estimates at $2.18 billion.

Nations Financial Group Inc. IA ADV acquired a new position in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 35,773 shares of the company's stock, valued at approximately $741,000.

A number of other institutional investors have also made changes to their positions in XPEV. Wells Fargo & Company MN increased its position in shares of XPeng by 62.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,116 shares of the company's stock valued at $131,000 after acquiring an additional 4,292 shares during the last quarter. Mariner LLC grew its holdings in shares of XPeng by 30.4% in the fourth quarter. Mariner LLC now owns 81,033 shares of the company's stock valued at $958,000 after purchasing an additional 18,892 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of XPeng in the fourth quarter valued at approximately $122,000. Natixis acquired a new position in shares of XPeng in the fourth quarter valued at approximately $43,000. Finally, Optiver Holding B.V. acquired a new position in shares of XPeng in the fourth quarter valued at approximately $1,157,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XPEV has been the subject of a number of research reports. Macquarie lifted their price objective on shares of XPeng from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Citigroup lifted their price objective on shares of XPeng from $29.00 to $29.40 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley set a $28.00 price target on shares of XPeng and gave the stock an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.40 to $24.00 in a report on Tuesday, June 17th. Finally, BNP Paribas Exane began coverage on shares of XPeng in a report on Monday. They set a "neutral" rating and a $19.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.85.

XPeng Stock Up 11.9%

Shares of XPeng stock traded up $2.4150 during trading hours on Thursday, hitting $22.7850. The company had a trading volume of 32,547,379 shares, compared to its average volume of 9,843,796. The company's 50-day moving average is $18.80 and its two-hundred day moving average is $19.47. XPeng Inc. Sponsored ADR has a twelve month low of $6.91 and a twelve month high of $27.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07. The company has a market cap of $21.62 billion, a P/E ratio of -36.17 and a beta of 2.50.

XPeng (NYSE:XPEV - Get Free Report) last issued its 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 net margin of 7.14% and a negative return on equity of 13.65%. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. Analysts anticipate that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.

XPeng 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.