Fintel reports that on July 28, 2023, Jefferies upgraded their outlook for XPeng Inc - ADR (NYSE:XPEV) from Hold to Buy .
Analyst Price Forecast Suggests 48.65% Downside
As of July 6, 2023, the average one-year price target for XPeng Inc - ADR is 10.38. The forecasts range from a low of 5.05 to a high of $16.80. The average price target represents a decrease of 48.65% from its latest reported closing price of 20.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for XPeng Inc - ADR is 46,482MM, an increase of 73.08%. The projected annual non-GAAP EPS is -5.83.
What is the Fund Sentiment?
There are 287 funds or institutions reporting positions in XPeng Inc - ADR. This is a decrease of 84 owner(s) or 22.64% in the last quarter. Average portfolio weight of all funds dedicated to XPEV is 0.38%, a decrease of 23.90%. Total shares owned by institutions decreased in the last three months by 26.23% to 113,852K shares. 
The put/call ratio of XPEV is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
FIFTHDELTA holds 12,236K shares representing 1.42% ownership of the company. In it's prior filing, the firm reported owning 18,569K shares, representing a decrease of 51.76%. The firm decreased its portfolio allocation in XPEV by 32.58% over the last quarter.
Primecap Management holds 12,112K shares representing 1.40% ownership of the company. In it's prior filing, the firm reported owning 12,055K shares, representing an increase of 0.47%. The firm increased its portfolio allocation in XPEV by 6.96% over the last quarter.
Primavera Capital Management holds 9,920K shares representing 1.15% ownership of the company. No change in the last quarter.
VHCOX - Vanguard Capital Opportunity Fund Investor Shares holds 6,966K shares representing 0.81% ownership of the company. In it's prior filing, the firm reported owning 6,931K shares, representing an increase of 0.50%. The firm increased its portfolio allocation in XPEV by 4.59% over the last quarter.
Alibaba Group Holding holds 6,650K shares representing 0.77% ownership of the company. No change in the last quarter.
XPeng Background Information
(This description is provided by the company.)
Xpeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers' mobility experience, Xpeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. Xpeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company's Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively.
Additional reading:
- XPENG and the Volkswagen Group Announce Entry into Framework Agreement on Strategic Technical Collaboration and Strategic Minority Investment by the Volkswagen Group in XPENG
- XPeng Inc. 小鵬汽車有限公 司* (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) (Stock Code: 9868) SUPPLEMENTAL ANNOUNCEMENT GRANT OF RESTRICTED SHARE UNITS
- GRANT OF RESTRICTED SHARE UNITS
- XPENG Announces Vehicle Delivery Results for June and Second Quarter 2023
- THE COMPANIES ACT (AS REVISED) OF THE CAYMAN ISLANDS Company Limited by Shares Ninth Amended and Restated Memorandum of Association XPeng Inc. (Adopted by Special Resolution passed on June 20, 2023)
This story originally appeared on Fintel.
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