XPengXPEV Market cap $12.1B
About: Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.
Employees: 13,261
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
19% more call options, than puts
Call options by funds: $75.3M | Put options by funds: $63.3M
1.43% less ownership
Funds ownership: 7.46% [Q1] → 6.04% (-1.43%) [Q2]
4% less funds holding
Funds holding: 192 [Q1] → 185 (-7) [Q2]
22% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 32
23% less capital invested
Capital invested by funds: $885M [Q1] → $681M (-$204M) [Q2]
24% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 67
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan Nick Lai 100% 1-year accuracy 4 / 4 met price target | 10%downside $11.50 | Overweight Upgraded | 5 Sept 2024 |
Citigroup Jeff Chung 67% 1-year accuracy 2 / 3 met price target | 41%downside $7.60 | Neutral Maintained | 21 Aug 2024 |
B of A Securities Ming Hsun Lee 67% 1-year accuracy 4 / 6 met price target | 22%downside $10 | Buy Maintained | 21 Aug 2024 |
JP Morgan Nick Lai 100% 1-year accuracy 4 / 4 met price target | 38%downside $8 | Neutral Maintained | 21 Aug 2024 |
B of A Securities Ming Hsun Lee 67% 1-year accuracy 4 / 6 met price target | 9%downside $11.70 | Buy Maintained | 16 Jul 2024 |
Financial journalist opinion
Based on 20 articles about XPEV published over the past 30 days