SG Americas Securities LLC Lowers Position in XPENG Inc. Sponsored ADR $XPEV

SG Americas Securities LLC lessened its holdings in shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) by 8.7% in the first quarter, HoldingsChannel.com reports. The fund owned 1,067,173 shares of the company’s stock after selling 101,233 shares during the period. SG Americas Securities LLC’s holdings in XPENG were worth $18,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of XPEV. DNB Asset Management AS bought a new position in shares of XPENG in the fourth quarter worth approximately $2,325,000. Abacus Wealth Partners LLC purchased a new stake in shares of XPENG during the 4th quarter valued at $1,060,000. Royal Bank of Canada lifted its holdings in shares of XPENG by 33.6% during the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after acquiring an additional 5,945 shares during the last quarter. Parallel Advisors LLC grew its position in XPENG by 11.0% in the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock worth $227,000 after acquiring an additional 964 shares in the last quarter. Finally, BNP Paribas increased its stake in XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on XPEV. Wall Street Zen downgraded XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. BNP Paribas Exane downgraded XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $25.20 price target on shares of XPENG in a research report on Friday, May 29th. Barclays lowered their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, March 24th. Finally, Bank of America reiterated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.51.

XPENG Price Performance

Shares of XPENG stock opened at $12.18 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. The business’s 50 day simple moving average is $15.69 and its two-hundred day simple moving average is $17.63. The stock has a market capitalization of $11.55 billion, a P/E ratio of -35.81 and a beta of 1.12. XPENG Inc. Sponsored ADR has a one year low of $12.06 and a one year high of $28.24.

XPENG (NYSE:XPEV) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. Analysts forecast that XPENG Inc. Sponsored ADR will post -0.35 EPS for the current year.

XPENG Profile

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.