Signaturefd LLC Sells 1,595 Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV)

Signaturefd LLC lessened its holdings in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,226 shares of the company’s stock after selling 1,595 shares during the period. Signaturefd LLC’s holdings in XPeng were worth $502,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company’s stock valued at $27,000 after purchasing an additional 532 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of XPeng by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock valued at $154,000 after purchasing an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after acquiring an additional 898 shares during the period. Quadrant Capital Group LLC increased its position in XPeng by 3.9% in the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock worth $286,000 after buying an additional 913 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after purchasing an additional 1,027 shares in the last quarter. Institutional investors own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XPEV shares. Barclays increased their target price on XPeng from $7.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. Sanford C. Bernstein set a $19.00 target price on XPeng and gave the stock a “market perform” rating in a report on Thursday, May 22nd. 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 report on Tuesday, June 17th. Finally, Morgan Stanley set a $28.00 price objective on shares of XPeng and gave the stock an “overweight” rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, XPeng has an average rating of “Moderate Buy” and an average target price of $23.73.

XPeng Trading Up 1.7%

XPeng stock opened at $18.24 on Friday. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of -24.32 and a beta of 2.51. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. XPeng Inc. Sponsored ADR has a 12 month low of $6.60 and a 12 month high of $27.16. The business’s fifty day simple moving average is $19.21 and its two-hundred day simple moving average is $18.50.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $15.80 billion. As a group, equities analysts predict that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.

About XPeng

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.