XPeng Inc. Sponsored ADR $XPEV Shares Acquired by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets increased its holdings in XPeng Inc. by 567.4% during the first quarter, acquiring an additional 4,511,751 shares for a total of over 5.3 million shares valued at approximately $110 million.
• XPeng's stock is currently down 4.1% and trades at around $21.01, with a market cap of $19.94 billion.
• Analyst ratings for XPeng show a mix of opinions, with one Strong Buy, eight Buy ratings, and an average target price of $23.85.

BNP Paribas Financial Markets grew its holdings in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 567.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,306,883 shares of the company's stock after purchasing an additional 4,511,751 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.56% of XPeng worth $109,959,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Alibaba Group Holding Ltd grew its position in shares of XPeng by 21.2% in the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock valued at $448,678,000 after purchasing an additional 6,650,000 shares during the last quarter. TMT General Partner Ltd boosted its position in XPeng by 88.2% during the first quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock worth $678,099,000 after acquiring an additional 15,340,907 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in XPeng by 947.5% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock worth $20,800,000 after acquiring an additional 1,591,750 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in XPeng by 2,699.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,312,990 shares of the company's stock worth $27,205,000 after acquiring an additional 1,266,090 shares during the last quarter. Finally, Polar Capital Holdings Plc acquired a new stake in XPeng during the fourth quarter worth approximately $6,596,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Down 4.1%

Shares of XPEV opened at $21.01 on Friday. The firm has a market cap of $19.94 billion, a PE ratio of -33.35 and a beta of 2.50. The company's fifty day moving average is $19.38 and its two-hundred day moving average is $19.77. XPeng Inc. Sponsored ADR has a fifty-two week low of $7.47 and a fifty-two week high of $27.16. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

Analyst Ratings Changes

A number of brokerages recently issued reports on XPEV. The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and raised their target price for the stock from $16.40 to $24.00 in a research report on Tuesday, June 17th. BNP Paribas Exane began coverage on shares of XPeng in a research report on Monday, August 18th. They set a "neutral" rating and a $19.00 target price on the stock. Citigroup raised their target price on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Bank of America raised their target price on shares of XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Finally, BNP Paribas began coverage on shares of XPeng in a report on Monday, August 18th. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.85.

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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