XPeng Inc. Sponsored ADR $XPEV Shares Bought by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in XPeng Inc. by 32.6% during the second quarter, bringing its total shares to 135,518 valued at approximately $2.4 million.
• Significant increases in positions were also reported by other institutional investors, including a 567.4% rise by BNP Paribas Financial Markets in Q1.
• XPeng currently holds a Moderate Buy rating from analysts, with a consensus price target of $23.85.

Public Employees Retirement System of Ohio raised its holdings in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) by 32.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,518 shares of the company's stock after buying an additional 33,282 shares during the period. Public Employees Retirement System of Ohio's holdings in XPeng were worth $2,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XPEV. BNP Paribas Financial Markets increased its position in shares of XPeng by 567.4% during the first quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock worth $109,959,000 after purchasing an additional 4,511,751 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 purchasing an additional 1,266,090 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of XPeng during the first quarter worth about $8,514,000. Neuberger Berman Group LLC acquired a new stake in shares of XPeng during the first quarter worth about $7,793,000. Finally, Central Asset Investments & Management Holdings HK Ltd increased its position in XPeng by 111.9% in the 1st quarter. Central Asset Investments & Management Holdings HK Ltd now owns 479,950 shares of the company's stock valued at $9,945,000 after acquiring an additional 253,500 shares during the period. Institutional investors and hedge funds own 21.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on XPeng in a research report on Monday, August 18th. They issued a "neutral" rating and a $19.00 price target on the stock. The Goldman Sachs Group upgraded XPeng from a "neutral" rating to a "buy" rating and boosted their price target for the company from $16.40 to $24.00 in a research report on Tuesday, June 17th. Citigroup boosted their price target on XPeng from $29.00 to $29.40 and gave the company a "buy" rating in a research report on Wednesday, August 20th. CLSA raised XPeng to a "strong-buy" rating in a report on Monday, September 22nd. Finally, BNP Paribas initiated coverage on XPeng in a report on Monday, August 18th. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, XPeng currently has an average rating of "Moderate Buy" and a consensus price target of $23.85.

XPeng Price Performance

Shares of XPEV opened at $23.78 on Friday. The stock's 50 day moving average is $20.88 and its two-hundred day moving average is $19.91. The firm has a market capitalization of $22.56 billion, a PE ratio of -37.74 and a beta of 2.54. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. XPeng Inc. Sponsored ADR has a twelve month low of $10.06 and a twelve month high of $27.16.

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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