Fintel reports that on August 21, 2023, B of A Securities upgraded their outlook for XPeng Inc – ADR (NYSE:XPEV) from Neutral to Buy.

Analyst Price Forecast Suggests 0.87% Upside

As of August 2, 2023, the average one-year price target for XPeng Inc – ADR is 15.11. The forecasts range from a low of 6.06 to a high of $26.67. The average price target represents an increase of 0.87% from its latest reported closing price of 14.98.

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 120.71%. The projected annual non-GAAP EPS is -5.83.

What is the Fund Sentiment?

There are 274 funds or institutions reporting positions in XPeng Inc – ADR. This is a decrease of 72 owner(s) or 20.81% in the last quarter. Average portfolio weight of all funds dedicated to XPEV is 0.40%, an increase of 7.80%. Total shares owned by institutions decreased in the last three months by 3.13% to 112,104K shares. The put/call ratio of XPEV is 0.56, indicating a bullish outlook.

What are Other Shareholders Doing?

Jane Street Group holds 13,160K shares representing 1.52% ownership of the company. In it’s prior filing, the firm reported owning 409K shares, representing an increase of 96.89%. The firm increased its portfolio allocation in XPEV by 3,710.09% over the last quarter.

Primecap Management holds 12,056K shares representing 1.40% ownership of the company. In it’s prior filing, the firm reported owning 12,112K shares, representing a decrease of 0.46%. The firm increased its portfolio allocation in XPEV by 15.22% 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.

This article originally appeared on Fintel

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