Bayforest Capital Ltd Grows Position in XPeng Inc. Sponsored ADR $XPEV

Bayforest Capital Ltd raised its position in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV) by 145.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,283 shares of the company’s stock after buying an additional 1,353 shares during the quarter. Bayforest Capital Ltd’s holdings in XPeng were worth $47,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XPEV. Dimensional Fund Advisors LP purchased a new position in XPeng during the 4th quarter valued at approximately $122,000. Northern Trust Corp grew its holdings in XPeng by 20.9% during the 4th quarter. Northern Trust Corp now owns 160,733 shares of the company’s stock valued at $1,900,000 after buying an additional 27,838 shares in the last quarter. Man Group plc grew its holdings in XPeng by 46.4% during the 4th quarter. Man Group plc now owns 294,141 shares of the company’s stock valued at $3,477,000 after buying an additional 93,160 shares in the last quarter. Quantinno Capital Management LP grew its holdings in XPeng by 49.7% during the 4th quarter. Quantinno Capital Management LP now owns 40,660 shares of the company’s stock valued at $481,000 after buying an additional 13,507 shares in the last quarter. Finally, Twinbeech Capital LP grew its holdings in XPeng by 22.4% during the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company’s stock valued at $4,812,000 after buying an additional 74,574 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPeng Price Performance

Shares of XPEV stock opened at $20.86 on Friday. XPeng Inc. Sponsored ADR has a 52-week low of $8.59 and a 52-week high of $27.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14. The firm has a market capitalization of $19.80 billion, a P/E ratio of -33.11 and a beta of 2.51. The stock has a 50 day moving average price of $19.75 and a 200 day moving average price of $19.97.

Analyst Upgrades and Downgrades

XPEV has been the subject of several research analyst reports. Macquarie raised their price target on XPeng from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Bank of America lifted their target price on XPeng from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Citigroup lifted their target price on XPeng from $29.00 to $29.40 and gave the stock a “buy” rating in a report on Wednesday, August 20th. BNP Paribas started coverage on XPeng in a report on Monday, August 18th. They issued a “hold” rating for the company. Finally, BNP Paribas Exane started coverage on XPeng in a report on Monday, August 18th. They issued a “neutral” rating and a $19.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.85.

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.