XPeng Inc ADR (NYSE: XPEV) Has Another Chance To Impress You

D. E. Shaw & Co. LP recently announced the acquisition of new stake in XPeng Inc ADR (NYSE:XPEV). The institutional investor has increased its shareholding in the Consumer Cyclical company by 8,935.11% to 4.56 million shares with purchase of 4.51 million shares. This fresh investment now brings its stake to 0.59% valued currently at $66.58 million. In addition, Fidelity Management & Research Co raised its holdings by 4.39 million to 4.45 million shares. And Voloridge Investment Management L has lifted its position by 250.24% or 2.74 million shares – to 3.83 million shares.

With over 9.73 million XPeng Inc ADR (XPEV) shares trading Friday and a closing price of $11.77 on the day, the dollar volume was approximately $114.47 million. The shares have shown a negative half year performance of -16.05% and its price on 01/12/24 lost nearly -3.92%. Currently, there are 765.20M common shares owned by the public and among those 754.92M shares have been available to trade.

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The top 3 mutual fund holders in XPeng Inc ADR are Vanguard Capital Opportunity Fund, Government Pension Fund – Global, and PRIMECAP Odyssey Aggressive Growt. Vanguard Capital Opportunity Fund owns 6.97 million shares of the company’s stock, all valued at over $101.63 million. Government Pension Fund – Global bought 0.52 million shares to see its total holdings expand to 6.95 million shares valued at over $101.38 million and representing 0.90% of the shares outstanding. PRIMECAP Odyssey Aggressive Growt sold 87000.0 shares to bring its total holdings to over 2.91 million shares at a value of $42.51 million. PRIMECAP Odyssey Aggressive Growt now owns shares totaling to 0.38% of the shares outstanding.

Shares of XPeng Inc ADR (NYSE: XPEV) opened at $11.88, down -$0.37 from a prior closing price of $12.25. However, the script later moved the day high at 12.18, down -3.92%. The company’s stock has a 5-day price change of -10.08% and -27.79% over the past three months. XPEV shares are trading -19.33% year to date (YTD), with the 12-month market performance up to 17.58% higher. It has a 12-month low price of $7.51 and touched a high of $23.62 over the same period. XPEV has an average intraday trading volume of 10.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.39%, -24.05%, and -16.81% respectively.

Institutional ownership of XPeng Inc ADR (NYSE: XPEV) shares accounts for 9.82% of the company’s 765.20M shares outstanding. Mutual fund holders own 4.15%, while other institutional holders and individual stakeholders account for 5.71% and — respectively.

It has a market capitalization of $9.01B and a beta (3y monthly) value of 3.03. The earnings-per-share (ttm) stands at -$1.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.68% over the week and 3.90% over the month.

Analysts forecast that XPeng Inc ADR (XPEV) will achieve an EPS of -$0.46 for the current quarter, -$0.38 for the next quarter and -$1.05 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.53 while analysts give the company a high EPS estimate of -$0.36. Comparatively, EPS for the current quarter was -$0.39 a year ago. Earnings per share for the fiscal year are expected to increase by 4.68%, and 34.35% over the next financial year. EPS should grow at an annualized rate of -5.74% over the next five years, compared to -41.23% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 35 brokerage firm advisors rate XPeng Inc ADR (XPEV) as a “Moderate Buy” at a consensus score of 2.37. Specifically, 17 Wall Street analysts polled rate the stock as a buy, while 9 of the 35 advise that investors “hold,” and 7 rated it as a “Sell.”

Looking at the support for the XPEV, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on August 21, 2023, with the firm’s price target at $22.

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