Abacus Wealth Partners LLC Invests $1.06 Million in XPENG Inc. Sponsored ADR $XPEV

Abacus Wealth Partners LLC bought a new position in shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,272 shares of the company’s stock, valued at approximately $1,060,000.

A number of other institutional investors and hedge funds have also modified their holdings of XPEV. DNB Asset Management AS purchased a new stake in shares of XPENG during the fourth quarter worth about $2,325,000. SG Americas Securities LLC increased its stake in shares of XPENG by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock worth $23,695,000 after purchasing an additional 77,476 shares in the last quarter. Ameriprise Financial Inc. boosted its position in XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,983 shares during the last quarter. BNP Paribas acquired a new position in XPENG during the third quarter worth about $345,000. Finally, Kickstand Ventures LLC. acquired a new position in XPENG during the fourth quarter worth about $202,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPENG Stock Performance

NYSE:XPEV opened at $15.62 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.91. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of -91.85 and a beta of 1.13. The company’s 50-day moving average is $17.44 and its two-hundred day moving average is $19.18. XPENG Inc. Sponsored ADR has a 1-year low of $15.38 and a 1-year high of $28.24.

XPENG (NYSE:XPEV) last posted its earnings results on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $3.18 billion for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. Analysts forecast that XPENG Inc. Sponsored ADR will post -0.28 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XPEV shares. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. Citigroup restated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Barclays lowered their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen upgraded shares of XPENG from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.