Robeco Schweiz AG lessened its stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 35.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,159,769 shares of the company's stock after selling 641,131 shares during the quarter. Robeco Schweiz AG owned about 0.12% of XPeng worth $24,030,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in XPeng in the first quarter valued at approximately $284,000. GF Fund Management CO. LTD. acquired a new stake in shares of XPeng in the first quarter worth $454,000. Aaron Wealth Advisors LLC purchased a new position in shares of XPeng in the 1st quarter valued at $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of XPeng during the 1st quarter valued at $260,000. Finally, Garde Capital Inc. acquired a new position in shares of XPeng during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 21.09% of the company's stock.
XPeng Stock Up 1.3%
Shares of XPEV traded up $0.22 during trading hours on Monday, reaching $17.62. The company's stock had a trading volume of 4,529,854 shares, compared to its average volume of 10,255,100. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of -23.49 and a beta of 2.51. The company has a 50 day moving average of $19.35 and a two-hundred day moving average of $18.42. XPeng Inc. Sponsored ADR has a 1-year low of $6.60 and a 1-year 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.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. As a group, research analysts predict that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
XPEV has been the topic of several research reports. The Goldman Sachs Group raised 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 report on Tuesday, June 17th. JPMorgan Chase & Co. decreased their price target on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Daiwa America downgraded shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their target price for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. Finally, Bank of America lifted their price target 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. One research analyst has rated the stock with a sell rating, five have issued 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.73.
Check Out Our Latest Analysis on XPEV
XPeng Company Profile
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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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