Quantbot Technologies LP Purchases 16,076 Shares of 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 grew its position in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 83.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,310 shares of the company's stock after buying an additional 16,076 shares during the quarter. Quantbot Technologies LP's holdings in XPeng were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alibaba Group Holding Ltd lifted its holdings in XPeng by 21.2% in the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock worth $448,678,000 after purchasing an additional 6,650,000 shares during the last quarter. TMT General Partner Ltd lifted its holdings in XPeng by 88.2% in the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock worth $678,099,000 after purchasing an additional 15,340,907 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in XPeng by 947.5% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock worth $20,800,000 after purchasing an additional 1,591,750 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in XPeng by 2,699.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,312,990 shares of the company's stock worth $27,205,000 after purchasing an additional 1,266,090 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in XPeng in the 4th quarter worth approximately $9,398,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XPEV shares. Morgan Stanley set a $28.00 target price on XPeng and gave the stock an "overweight" rating in a report on Thursday, June 12th. Sanford C. Bernstein set a $19.00 target price on XPeng and gave the stock a "market perform" rating in a report on Thursday, May 22nd. BNP Paribas initiated coverage on XPeng in a report on Monday, August 18th. They issued a "hold" rating for the company. Macquarie lifted their price target on XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Finally, Citigroup lifted their price target on XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.85.

XPeng Stock Performance

NYSE XPEV traded down $1.62 during trading on Wednesday, hitting $22.71. The company's stock had a trading volume of 14,876,272 shares, compared to its average volume of 9,813,683. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $19.26 and a 200 day moving average price of $19.70. The firm has a market cap of $21.55 billion, a P/E ratio of -36.04 and a beta of 2.50. XPeng Inc. Sponsored ADR has a 52 week low of $7.16 and a 52 week high of $27.16.

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.