XPeng Inc. Sponsored ADR (NYSE:XPEV) Shares Sold by Vontobel Holding Ltd.

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.

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

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.