Triasima Portfolio Management inc. Makes New $2.70 Million Investment in XPeng Inc. Sponsored ADR (NYSE:XPEV)

Triasima Portfolio Management inc. bought a new position in shares of 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 institutional investor bought 130,070 shares of the company's stock, valued at approximately $2,695,000.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in XPeng during the fourth quarter worth $554,000. AI Squared Management Ltd acquired a new position in XPeng during the fourth quarter worth $2,126,000. Northern Trust Corp increased its position in XPeng by 20.9% during the fourth quarter. Northern Trust Corp now owns 160,733 shares of the company's stock worth $1,900,000 after buying an additional 27,838 shares during the last quarter. Finally, TMT General Partner Ltd increased its position in XPeng by 88.2% during 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. 21.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group raised shares of XPeng from a "neutral" rating to a "buy" rating and increased their target price for the stock from $16.40 to $24.00 in a research report on Tuesday, June 17th. Morgan Stanley set a $28.00 price target on XPeng and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, Sanford C. Bernstein set a $19.00 price target on XPeng and gave the company a "market perform" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.73.

XPeng Stock Up 0.4%

XPEV stock traded up $0.08 during trading on Friday, reaching $18.30. 5,362,335 shares of the stock were exchanged, compared to its average volume of 11,431,614. XPeng Inc. Sponsored ADR has a twelve month low of $6.60 and a twelve month high of $27.16. The stock has a 50 day simple moving average of $19.19 and a 200-day simple moving average of $18.54. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 0.34.

XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($1.51) by $1.41. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $15.80 billion. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. Sell-side 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.