Robeco Schweiz AG Sells 641,131 Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV)

Robeco Schweiz AG reduced its stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 35.6% during the 1st quarter, according to its most recent filing with the Securities and 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 0.12% of XPeng worth $24,030,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 532 shares during the period. EverSource Wealth Advisors LLC raised its stake in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after acquiring an additional 898 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of XPeng in the 1st quarter worth $39,000. Natixis acquired a new position in shares of XPeng in the 4th quarter worth $43,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of XPeng in the 4th quarter worth $70,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Price Performance

XPEV stock traded down $0.02 during mid-day trading on Friday, reaching $17.41. 6,040,307 shares of the company's stock were exchanged, compared to its average volume of 11,539,677. XPeng Inc. Sponsored ADR has a 12-month low of $6.60 and a 12-month high of $27.16. 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 company has a market cap of $16.52 billion, a price-to-earnings ratio of -23.21 and a beta of 2.51. The stock's 50 day moving average is $19.35 and its 200 day moving average is $18.35.

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

Wall Street Analyst Weigh In

XPEV has been the topic of a number of research analyst reports. Barclays lifted their price target on XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. The Goldman Sachs Group raised XPeng from a "neutral" rating to a "buy" rating and increased their target price for the stock from $16.40 to $24.00 in a report on Tuesday, June 17th. Morgan Stanley set a $28.00 price target on XPeng and gave the company an "overweight" rating in a research note on Thursday, June 12th. Nomura Securities raised XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their price objective on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.73.

XPeng 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.