Trexquant Investment LP Makes New Investment in XPeng Inc. Sponsored ADR $XPEV

Key Points

• Trexquant Investment LP has acquired 410,909 shares of XPeng Inc., valued at approximately $8.5 million, as part of its investment strategy during the first quarter.
• Several hedge funds, including BNP Paribas Financial Markets, have increased their stakes in XPeng, with BNP boosting its holdings by 567.4% in the same quarter.
• XPeng's stock currently has an average rating of "Moderate Buy" from analysts, with a target price averaging $23.85, following multiple upgrades from firms like Goldman Sachs and Bank of America.

Trexquant Investment LP bought a new position in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 410,909 shares of the company's stock, valued at approximately $8,514,000.

Several other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in XPeng by 567.4% in the first quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock worth $109,959,000 after acquiring an additional 4,511,751 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in XPeng in the first quarter worth $856,000. SVB Wealth LLC bought a new stake in XPeng in the first quarter worth $46,000. Compound Planning Inc. boosted its holdings in XPeng by 10.9% in the first quarter. Compound Planning Inc. now owns 17,022 shares of the company's stock worth $353,000 after acquiring an additional 1,676 shares in the last quarter. Finally, Knollwood Investment Advisory LLC bought a new stake in XPeng in the first quarter worth $297,000. 21.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein set a $19.00 price target on XPeng and gave the company a "market perform" rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised XPeng from a "neutral" rating to a "buy" rating and upped their price target for the company from $16.40 to $24.00 in a report on Tuesday, June 17th. Morgan Stanley set a $28.00 price target on XPeng and gave the company an "overweight" rating in a report on Thursday, June 12th. BNP Paribas assumed coverage on XPeng in a report on Monday, August 18th. They set a "hold" rating on the stock. Finally, Bank of America upped their price target on XPeng from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, XPeng has an average rating of "Moderate Buy" and an average target price of $23.85.

XPeng Stock Down 4.1%

XPeng stock opened at $21.01 on Friday. The stock has a market cap of $19.94 billion, a PE ratio of -33.35 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. XPeng Inc. Sponsored ADR has a one year low of $7.47 and a one year high of $27.16. The stock has a fifty day moving average of $19.38 and a 200 day moving average of $19.80.

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.

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