Quantbot Technologies LP Boosts Stake in XPeng Inc. Sponsored ADR $XPEV

Key Points

• Quantbot Technologies LP increased its holdings in XPeng Inc. by 83.6%, owning 35,310 shares valued at approximately $732,000 after purchasing 16,076 additional shares in the first quarter.
• XPeng's stock price showed positive movement, with an opening price of $23.7450, and the company has a market cap of $22.54 billion.
• Wall Street analysts are optimistic, with several firms revising their price targets upward; Macquarie raised its target to $25.00 and Bank of America to $26.00, maintaining a general positive outlook on the stock.

Quantbot Technologies LP lifted its stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 83.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,310 shares of the company's stock after purchasing an additional 16,076 shares during the quarter. Quantbot Technologies LP's holdings in XPeng were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 532 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of XPeng by 5.3% during the 1st quarter. Ballentine Partners LLC now owns 22,798 shares of the company's stock worth $472,000 after purchasing an additional 1,151 shares in the last quarter. Atlas Capital Advisors Inc. boosted its position in shares of XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock worth $31,000 after purchasing an additional 1,302 shares in the last quarter. Bayforest Capital Ltd boosted its position in shares of XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock worth $47,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of XPeng by 18.9% during the 1st quarter. Parallel Advisors LLC now owns 9,936 shares of the company's stock worth $206,000 after purchasing an additional 1,576 shares in the last quarter. Institutional investors own 21.09% of the company's stock.

XPeng Stock Down 4.1%

NYSE:XPEV traded down $0.90 on Friday, hitting $21.01. The stock had a trading volume of 10,007,167 shares, compared to its average volume of 10,666,873. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14. The stock has a market cap of $19.94 billion, a P/E ratio of -33.35 and a beta of 2.50. XPeng Inc. Sponsored ADR has a 1 year low of $7.47 and a 1 year high of $27.16. The firm's fifty day simple moving average is $19.38 and its two-hundred day simple moving average is $19.80.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XPEV. BNP Paribas began coverage on shares of XPeng in a research report on Monday, August 18th. They set a "hold" rating on the stock. Macquarie upped their target price on shares of XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Citigroup upped their target price on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Bank of America upped their target price on shares of XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Morgan Stanley set a $28.00 target price on shares of XPeng and gave the stock an "overweight" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.85.

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.