BNP Paribas Financial Markets Purchases 4,511,751 Shares of XPeng Inc. Sponsored ADR $XPEV

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 raised its holdings in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 567.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 0.56% of XPeng worth $109,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in XPeng by 70.1% during the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after purchasing an additional 532 shares during the last quarter. Atlas Capital Advisors Inc. lifted its position in XPeng by 651.0% during the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after purchasing an additional 1,302 shares during the last quarter. Garde Capital Inc. bought a new position in XPeng during the first quarter valued at $39,000. SVB Wealth LLC purchased a new stake in shares of XPeng in the first quarter valued at $46,000. Finally, Bayforest Capital Ltd raised its stake in shares of XPeng by 145.5% in the first 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. Institutional investors own 21.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XPEV shares. Citigroup upped their price target on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Macquarie upped their price target on shares of XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. BNP Paribas started coverage on shares of XPeng in a report on Monday, August 18th. They issued a "hold" rating on the stock. BNP Paribas Exane started coverage on shares of XPeng in a report on Monday, August 18th. They issued a "neutral" rating and a $19.00 price target on the stock. Finally, The Goldman Sachs Group upgraded shares of 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, XPeng has a consensus rating of "Moderate Buy" and a consensus price target of $23.85.

XPeng Stock Down 2.0%

Shares of NYSE:XPEV traded down $0.41 during trading on Thursday, reaching $19.84. The stock had a trading volume of 7,088,378 shares, compared to its average volume of 10,694,887. XPeng Inc. Sponsored ADR has a one year low of $8.10 and a one year high of $27.16. The company has a market capitalization of $18.83 billion, a P/E ratio of -31.49 and a beta of 2.51. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $19.49 and its 200 day simple moving average is $19.89.

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.