Vontobel Holding Ltd. Sells 21,111 Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV)

Vontobel Holding Ltd. lowered its holdings in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 63.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,928 shares of the company's stock after selling 21,111 shares during the quarter. Vontobel Holding Ltd.'s holdings in XPeng were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in XPeng by 70.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after acquiring an additional 532 shares in the last quarter. Garde Capital Inc. purchased a new stake in XPeng in the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its holdings in XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after acquiring an additional 898 shares in the last quarter. Natixis purchased a new stake in XPeng in the 4th quarter worth approximately $43,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in XPeng in the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Price Performance

Shares of NYSE XPEV traded down $0.28 during midday trading on Thursday, reaching $17.38. 2,151,720 shares of the stock traded hands, compared to its average volume of 11,634,187. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07. The stock has a market capitalization of $16.49 billion, a PE ratio of -23.15 and a beta of 2.51. XPeng Inc. Sponsored ADR has a one year low of $6.60 and a one year high of $27.16. The company's 50 day moving average is $19.42 and its 200 day moving average is $18.29.

XPeng (NYSE:XPEV - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($1.51) by $1.41. The firm had revenue of $2.18 billion during 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%. On average, equities research analysts anticipate that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XPEV. Nomura Securities raised shares of XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. Morgan Stanley set a $28.00 price target on XPeng and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Daiwa Capital Markets restated a "neutral" rating and issued a $24.00 price target on shares of XPeng in a research note on Wednesday, March 19th. Sanford C. Bernstein set a $19.00 price target on XPeng and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded XPeng from a "neutral" rating to a "buy" rating and upped their price target for the stock from $16.40 to $24.00 in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.73.

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.