XY Capital Ltd purchased a new stake in XPeng Inc. Sponsored ADR (NYSE:XPEV - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 66,196 shares of the company's stock, valued at approximately $1,372,000. XPeng accounts for 0.4% of XY Capital Ltd's portfolio, making the stock its 22nd biggest holding.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after buying an additional 532 shares during the last quarter. Garde Capital Inc. purchased a new position in XPeng during the 1st quarter worth $39,000. Natixis purchased a new position in XPeng during the 4th quarter worth $43,000. Bayforest Capital Ltd grew its stake in XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock worth $47,000 after buying an additional 1,353 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in XPeng during the 1st quarter worth $54,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Morgan Stanley set a $28.00 target price on XPeng and gave the stock an "overweight" rating in a research note on Thursday, June 12th. 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 note on Tuesday, June 17th. Finally, Sanford C. Bernstein set a $19.00 price target on XPeng and gave the company a "market perform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.73.
Check Out Our Latest Report on XPEV
XPeng Stock Performance
Shares of XPEV stock traded up $0.59 on Friday, hitting $20.21. The company had a trading volume of 9,100,326 shares, compared to its average volume of 5,710,011. The firm has a market cap of $19.18 billion, a P/E ratio of -26.95 and a beta of 2.50. The company has a 50-day moving average price of $18.76 and a 200-day moving average price of $19.21. 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 Inc. Sponsored ADR has a twelve month low of $6.60 and a twelve month high of $27.16.
XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. As a group, equities research analysts predict that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.
XPeng 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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