Trexquant Investment LP Acquires New Holdings 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 acquired a new stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 410,909 shares of the company's stock, valued at approximately $8,514,000.

Several other large investors have also made changes to their positions in XPEV. BNP Paribas Financial Markets increased its holdings in XPeng by 567.4% in the 1st quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock valued at $109,959,000 after purchasing an additional 4,511,751 shares during the last quarter. Northern Trust Corp increased its stake in XPeng by 20.9% during the fourth quarter. Northern Trust Corp now owns 160,733 shares of the company's stock valued at $1,900,000 after purchasing an additional 27,838 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of XPeng during the first quarter valued at approximately $856,000. TMT General Partner Ltd lifted its stake in shares of XPeng by 88.2% in the first quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock worth $678,099,000 after buying an additional 15,340,907 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in XPeng during the 1st quarter worth about $454,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group upgraded XPeng from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $16.40 to $24.00 in a research note on Tuesday, June 17th. Bank of America increased their target price on XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Macquarie lifted their target price on XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Citigroup lifted their price objective on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley set a $28.00 price objective on shares of XPeng and gave the stock an "overweight" rating in a research note on Thursday, June 12th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.85.

XPeng Stock Performance

XPEV traded up $0.07 on Friday, reaching $19.91. The stock had a trading volume of 2,831,702 shares, compared to its average volume of 9,864,359. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The business's 50-day moving average price is $19.49 and its two-hundred day moving average price is $19.89. XPeng Inc. Sponsored ADR has a 12-month low of $8.10 and a 12-month high of $27.16. The company has a market cap of $18.89 billion, a P/E ratio of -31.52 and a beta of 2.51.

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.