XPENG Inc. Sponsored ADR $XPEV Stock Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its holdings in XPENG Inc. Sponsored ADR (NYSE:XPEV) by 393.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,100 shares of the company’s stock after purchasing an additional 74,230 shares during the quarter. Quadrant Capital Group LLC’s holdings in XPENG were worth $908,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. SteelPeak Wealth LLC acquired a new stake in XPENG in the third quarter worth about $213,000. TD Waterhouse Canada Inc. grew its position in XPENG by 133.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 15,605 shares of the company’s stock valued at $149,000 after buying an additional 8,925 shares in the last quarter. Farther Finance Advisors LLC grew its position in XPENG by 57.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,850 shares of the company’s stock valued at $46,000 after buying an additional 1,771 shares in the last quarter. CX Institutional acquired a new position in XPENG during the 3rd quarter valued at about $60,000. Finally, QRG Capital Management Inc. acquired a new position in XPENG during the 2nd quarter valued at about $187,000. 21.09% of the stock is owned by institutional investors and hedge funds.

XPENG Trading Up 1.7%

Shares of XPEV stock opened at $9.22 on Friday. The stock has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $13.20. XPENG Inc. Sponsored ADR has a fifty-two week low of $9.01 and a fifty-two week high of $28.24. The stock has a market capitalization of $8.81 billion, a P/E ratio of -19.22 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

A number of analysts have commented on XPEV shares. JPMorgan Chase & Co. downgraded shares of XPENG from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $24.00 to $11.50 in a research report on Tuesday, September 29th. UBS Group assumed coverage on shares of XPENG in a report on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 price objective for the company. The Goldman Sachs Group set a $16.00 price objective on shares of XPENG in a research note on Friday. Barclays dropped their target price on XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, August 25th. Finally, Weiss Ratings downgraded XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.41.

XPENG Profile

XPeng Inc is a China-based technology company focused on the design, development, manufacture and sale of smart electric vehicles. The company combines electric powertrain technology with software, connectivity and advanced driver-assistance features to develop vehicles intended for digitally connected and increasingly automated transportation.

XPeng’s product portfolio has included electric sedans, sport utility vehicles and multipurpose vehicles, such as the P7 sedan, P5 sedan, G6 and G9 SUVs, and X9 multipurpose vehicle.