Ethic Inc. Increases Stock Position in XPeng Inc. Sponsored ADR $XPEV

Ethic Inc. increased its position in XPeng Inc. Sponsored ADR (NYSE:XPEV) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,604 shares of the company’s stock after purchasing an additional 4,926 shares during the quarter. Ethic Inc.’s holdings in XPeng were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in XPEV. Atlas Capital Advisors Inc. boosted its stake in XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock valued at $31,000 after acquiring an additional 1,302 shares during the last quarter. SVB Wealth LLC bought a new position in XPeng during the 1st quarter valued at $46,000. Bayforest Capital Ltd boosted its stake in XPeng by 145.5% during the 1st 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 last quarter. Banque Cantonale Vaudoise bought a new position in XPeng during the 1st quarter valued at $54,000. Finally, Brooklyn Investment Group boosted its stake in XPeng by 1,953.6% during the 1st quarter. Brooklyn Investment Group now owns 4,251 shares of the company’s stock valued at $88,000 after acquiring an additional 4,044 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors.

XPeng Stock Up 0.9%

Shares of NYSE:XPEV opened at $21.66 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14. XPeng Inc. Sponsored ADR has a 1-year low of $10.69 and a 1-year high of $27.16. The company’s fifty day moving average is $21.78 and its two-hundred day moving average is $20.09. The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of -34.38 and a beta of 2.54.

Wall Street Analysts Forecast Growth

XPEV has been the topic of a number of research analyst reports. CLSA upgraded shares of XPeng to a “strong-buy” rating in a research note on Monday, September 22nd. BNP Paribas initiated coverage on shares of XPeng in a report on Monday, August 18th. They set a “hold” rating on the stock. Citigroup increased their target price on shares of XPeng from $29.00 to $29.40 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America increased their target price on shares of XPeng from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Finally, BNP Paribas Exane initiated coverage on shares of XPeng in a report on Monday, August 18th. They set a “neutral” rating and a $19.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, XPeng has an average rating of “Moderate Buy” and an average price target 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.