SG Americas Securities LLC Reduces Holdings in XPENG Inc. Sponsored ADR $XPEV

SG Americas Securities LLC decreased its position in shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) by 8.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,067,173 shares of the company’s stock after selling 101,233 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of XPENG worth $18,259,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. DNB Asset Management AS purchased a new stake in XPENG during the fourth quarter valued at about $2,325,000. Abacus Wealth Partners LLC bought a new position in XPENG during the fourth quarter worth about $1,060,000. Royal Bank of Canada increased its stake in shares of XPENG by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after purchasing an additional 5,945 shares in the last quarter. Parallel Advisors LLC raised its position in shares of XPENG by 11.0% in the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after purchasing an additional 964 shares during the period. Finally, BNP Paribas raised its position in shares of XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 21.09% of the company’s stock.

Analyst Ratings Changes

XPEV has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $25.20 price objective on shares of XPENG in a report on Friday, May 29th. Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Finally, BNP Paribas Exane cut XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Sell rating to the company. Based on data from MarketBeat, XPENG currently has a consensus rating of “Hold” and an average target price of $25.51.

XPENG Price Performance

XPEV stock opened at $12.18 on Friday. The firm has a 50 day moving average of $15.69 and a 200-day moving average of $17.63. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. XPENG Inc. Sponsored ADR has a 12 month low of $12.06 and a 12 month high of $28.24. The firm has a market capitalization of $11.55 billion, a P/E ratio of -35.81 and a beta of 1.12.

XPENG (NYSE:XPEV) last posted its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. As a group, sell-side analysts predict that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current fiscal year.

XPENG Profile

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.