XPeng Inc. Sponsored ADR (NYSE:XPEV) Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 37.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,548 shares of the company's stock after selling 15,013 shares during the quarter. Rathbones Group PLC's holdings in XPeng were worth $509,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in XPeng by 70.1% in 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 during the period. Ballentine Partners LLC grew its stake in XPeng by 5.3% in the 1st quarter. Ballentine Partners LLC now owns 22,798 shares of the company's stock valued at $472,000 after acquiring an additional 1,151 shares during the period. Atlas Capital Advisors Inc. grew its stake in XPeng by 651.0% in 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 during the period. Bayforest Capital Ltd grew its stake in XPeng by 145.5% in 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 during the period. Finally, Parallel Advisors LLC grew its stake in XPeng by 18.9% in the 1st quarter. Parallel Advisors LLC now owns 9,936 shares of the company's stock valued at $206,000 after acquiring an additional 1,576 shares during the period. Institutional investors and hedge funds own 21.09% of the company's stock.

Analyst Ratings Changes

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

XPeng Stock Down 3.8%

NYSE XPEV opened at $19.40 on Friday. XPeng Inc. Sponsored ADR has a 52 week low of $6.65 and a 52 week high of $27.16. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $18.79 and its 200-day simple moving average is $19.33. The firm has a market cap of $18.41 billion, a PE ratio of -25.86 and a beta of 2.50.

XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($1.51) by $1.41. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. As a group, equities analysts anticipate that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current year.

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.

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