Vident Advisory LLC Acquires 18,287 Shares of XPeng Inc. Sponsored ADR $XPEV

Key Points

• Vident Advisory LLC increased its stake in XPeng Inc. by 34.1%, acquiring an additional 18,287 shares during the first quarter, bringing its total holdings to 71,919 shares valued at $1,490,000.
• Several institutional investors, including Northern Trust Corp and TMT General Partner Ltd, also boosted their holdings in XPeng, with TMT increasing its stake by 88.2%.
• Analyst ratings reflect a consensus of "Moderate Buy" for XPeng, with a target price range of $19.00 to $29.40 from various brokerages.

Vident Advisory LLC grew its holdings in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 34.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,919 shares of the company's stock after buying an additional 18,287 shares during the period. Vident Advisory LLC's holdings in XPeng were worth $1,490,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its holdings in shares of XPeng by 20.9% during the 4th 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 in the last quarter. Quantitative Investment Management LLC bought a new position in shares of XPeng during the 1st quarter worth approximately $856,000. TMT General Partner Ltd boosted its holdings in shares of XPeng by 88.2% during the 1st 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 in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of XPeng during the 1st quarter worth approximately $454,000. Finally, Virtu Financial LLC bought a new position in shares of XPeng during the 1st quarter worth approximately $2,203,000. 21.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XPEV. Citigroup increased their target price on XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a report on Wednesday, August 20th. The Goldman Sachs Group upgraded 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 report on Tuesday, June 17th. 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. Bank of America increased their target price on XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Macquarie increased their target price on XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, XPeng presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.85.

XPeng Trading Down 1.1%

NYSE XPEV opened at $20.79 on Wednesday. The firm has a market capitalization of $19.73 billion, a P/E ratio of -33.00 and a beta of 2.51. The business has a fifty day simple moving average of $19.44 and a 200 day simple moving average of $19.87. XPeng Inc. Sponsored ADR has a 12 month low of $8.06 and a 12 month high of $27.16. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

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.

Want to see what other hedge funds are holding XPEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.