106,339 Shares in XPeng Inc. Sponsored ADR (NYSE:XPEV) Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC acquired 106,339 shares of XPeng Inc. Sponsored ADR for approximately $2,203,000 during the first quarter of the year.
• Institutional investors now hold 21.09% of XPeng's total stock, with notable increases in holdings from companies like Farther Finance Advisors and Atlas Capital Advisors.
• Analysts have varying opinions on XPeng's stock, with the consensus target price currently set at $23.73, indicating a rating of "Moderate Buy."

Virtu Financial LLC acquired a new stake in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 106,339 shares of the company's stock, valued at approximately $2,203,000.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after acquiring an additional 532 shares in the last quarter. Atlas Capital Advisors Inc. lifted its stake in XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after acquiring an additional 1,302 shares in the last quarter. Garde Capital Inc. bought a new position in XPeng during the 1st quarter valued at $39,000. Natixis bought a new position in XPeng during the 4th quarter valued at $43,000. Finally, Bayforest Capital Ltd lifted its stake in XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock valued at $47,000 after acquiring an additional 1,353 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Performance

XPEV stock traded down $1.27 during mid-day trading on Tuesday, hitting $20.12. The company had a trading volume of 1,702,351 shares, compared to its average volume of 9,666,470. The stock's fifty day moving average price is $18.80 and its two-hundred day moving average price is $19.29. XPeng Inc. Sponsored ADR has a 12 month low of $6.65 and a 12 month high of $27.16. The firm has a market cap of $19.09 billion, a PE ratio of -26.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 1.21.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $15.80 billion. On average, analysts forecast that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XPEV shares. The Goldman Sachs Group upgraded XPeng from a "neutral" rating to a "buy" rating and raised their price objective for the company from $16.40 to $24.00 in a research note on Tuesday, June 17th. Sanford C. Bernstein set a $19.00 price objective on XPeng and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley set a $28.00 price objective on XPeng and gave the company an "overweight" rating in a research note on Thursday, June 12th. One 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 given a strong buy rating to the company. Based on data from MarketBeat, XPeng presently has an average rating of "Moderate Buy" and an average price target of $23.73.

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.