Vontobel Holding Ltd. lessened its position in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 63.9% during the first quarter, according to the company in its most recent Form 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 also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after purchasing an additional 532 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 898 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of XPeng in the 1st quarter worth approximately $39,000. Natixis bought a new stake in shares of XPeng in the 4th quarter worth approximately $43,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of XPeng in the 4th quarter worth approximately $70,000. Institutional investors own 21.09% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on XPEV shares. JPMorgan Chase & Co. decreased their price objective on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Sanford C. Bernstein set a $19.00 price objective on XPeng and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Daiwa Capital Markets reiterated a "neutral" rating and issued a $24.00 price objective on shares of XPeng in a report on Wednesday, March 19th. Bank of America boosted their price objective 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. Finally, Morgan Stanley set a $28.00 price target on shares of XPeng and gave the company an "overweight" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, XPeng currently has an average rating of "Moderate Buy" and an average price target of $23.73.
View Our Latest Stock Report on XPEV
XPeng Trading Down 1.5%
Shares of NYSE:XPEV traded down $0.27 during trading on Wednesday, hitting $17.66. The company had a trading volume of 5,125,759 shares, compared to its average volume of 11,654,658. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07. XPeng Inc. Sponsored ADR has a one year low of $6.60 and a one year high of $27.16. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of -23.55 and a beta of 2.51. The company has a fifty day simple moving average of $19.44 and a two-hundred day simple moving average of $18.29.
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, topping the consensus estimate of ($1.51) by $1.41. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $15.80 billion. As a group, equities analysts forecast that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current year.
About XPeng
(
Free Report)
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.
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