Triasima Portfolio Management inc. Makes New Investment in XPeng Inc. Sponsored ADR (NYSE:XPEV)

Triasima Portfolio Management inc. bought a new stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 130,070 shares of the company's stock, valued at approximately $2,695,000.

A number of other institutional investors have also recently added to or reduced their stakes in XPEV. TMT General Partner Ltd grew its stake in XPeng by 88.2% in the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock valued at $678,099,000 after acquiring an additional 15,340,907 shares during the period. Alibaba Group Holding Ltd grew its stake in XPeng by 21.2% in the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock valued at $448,678,000 after acquiring an additional 6,650,000 shares during the period. JPMorgan Chase & Co. grew its stake in XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after acquiring an additional 4,227,055 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 valued at $20,800,000 after acquiring an additional 1,591,750 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in XPeng in the 4th quarter valued at $9,398,000. Institutional investors and hedge funds own 21.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XPEV. Bank of America lifted their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. The Goldman Sachs Group raised shares of XPeng from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $16.40 to $24.00 in a research note on Tuesday, June 17th. Daiwa Capital Markets reaffirmed a "neutral" rating and set a $24.00 target price on shares of XPeng in a research note on Wednesday, March 19th. Finally, Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.73.

XPeng Trading Up 1.7%

XPEV traded up $0.31 on Thursday, hitting $18.24. The company had a trading volume of 7,496,787 shares, compared to its average volume of 11,417,441. The firm has a market cap of $17.31 billion, a P/E ratio of -24.32 and a beta of 2.51. XPeng Inc. Sponsored ADR has a 1 year low of $6.60 and a 1 year high of $27.16. The company's fifty day moving average price is $19.24 and its 200 day moving average price is $18.45. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.51) by $1.41. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. As a group, equities analysts expect that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current 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.