DNB Asset Management AS Invests $2.33 Million in XPENG Inc. Sponsored ADR $XPEV

DNB Asset Management AS purchased a new position in shares of XPENG Inc. Sponsored ADR (NYSE:XPEVFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 114,648 shares of the company’s stock, valued at approximately $2,325,000.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of XPENG by 16.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after acquiring an additional 389 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of XPENG by 11.0% during the 3rd 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. Kickstand Ventures LLC. bought a new position in shares of XPENG during the 4th quarter worth approximately $202,000. Finally, BNP Paribas bought a new position in shares of XPENG during the 3rd quarter worth approximately $345,000. 21.09% of the stock is owned by institutional investors.

XPENG Stock Up 1.4%

NYSE:XPEV opened at $15.15 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $17.31 and its two-hundred day moving average price is $18.98. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of -89.08 and a beta of 1.13. XPENG Inc. Sponsored ADR has a twelve month low of $14.72 and a twelve month high of $28.24.

XPENG (NYSE:XPEVGet Free Report) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $3.18 billion for the quarter. XPENG had a negative return on equity of 3.71% and a negative net margin of 1.46%. Equities research analysts expect that XPENG Inc. Sponsored ADR will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XPEV. Citigroup reaffirmed a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. Wall Street Zen raised XPENG from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays lowered their price target on XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th. Finally, BNP Paribas Exane lowered XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, XPENG currently has a consensus rating of “Hold” and a consensus price target of $24.74.

Get Our Latest Stock Report on XPEV

XPENG Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for XPENG (NYSE:XPEV)

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