Quadrant Capital Group LLC Acquires 74,230 Shares of XPENG Inc. Sponsored ADR $XPEV

Quadrant Capital Group LLC grew its holdings in shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) by 393.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,100 shares of the company’s stock after purchasing an additional 74,230 shares during the period. Quadrant Capital Group LLC’s holdings in XPENG were worth $908,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

XPENG Price Performance

Shares of NYSE:XPEV opened at $9.22 on Friday. The firm’s 50 day moving average is $10.41 and its two-hundred day moving average is $13.20. XPENG Inc. Sponsored ADR has a 52 week low of $9.01 and a 52 week high of $28.24. The firm 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 current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

About XPENG

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.