SG Americas Securities LLC Has $23.70 Million Stock Position in XPENG Inc. Sponsored ADR $XPEV

SG Americas Securities LLC boosted its position in shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) by 7.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,168,406 shares of the company’s stock after buying an additional 77,476 shares during the period. SG Americas Securities LLC’s holdings in XPENG were worth $23,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in XPENG by 228.7% during the second quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after buying an additional 1,140,593 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of XPENG by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after acquiring an additional 28,983 shares during the last quarter. BNP Paribas acquired a new position in shares of XPENG in the 3rd quarter worth approximately $345,000. Venturi Wealth Management LLC acquired a new position in shares of XPENG in the 3rd quarter worth approximately $249,000. Finally, Royal Bank of Canada grew its position in 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. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPENG Stock Performance

XPEV stock opened at $17.60 on Friday. The company has a 50 day moving average price of $18.29 and a 200 day moving average price of $20.39. XPENG Inc. Sponsored ADR has a fifty-two week low of $15.38 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.95. The stock has a market capitalization of $16.70 billion, a PE ratio of -103.49 and a beta of 1.21.

XPENG (NYSE:XPEV) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.10 billion. XPENG had a negative return on equity of 3.69% and a negative net margin of 1.46%. Analysts forecast that XPENG Inc. Sponsored ADR will post -0.96 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on XPEV. Macquarie Infrastructure set a $26.00 price target on XPENG and gave the company an “outperform” rating in a report on Thursday, January 15th. Barclays decreased their target price on XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Wednesday, January 21st. Loop Capital set a $25.00 price target on XPENG in a report on Tuesday, January 6th. Finally, Citigroup reiterated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.74.

About XPENG

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.