XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives Average Recommendation of “Hold” from Analysts

XPENG Inc. Sponsored ADR (NYSE:XPEV) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $24.74.

A number of brokerages recently commented on XPEV. Loop Capital set a $25.00 target price on XPENG in a research report on Tuesday, January 6th. Citigroup reiterated a “buy” rating on shares of XPENG in a report on Friday, February 6th. Macquarie Infrastructure set a $26.00 price objective on XPENG and gave the company an “outperform” rating in a research note on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Finally, BNP Paribas Exane lowered XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd.

XPENG Stock Down 2.7%

Shares of NYSE XPEV opened at $15.86 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The firm has a market cap of $15.05 billion, a PE ratio of -93.26 and a beta of 1.14. The company’s fifty day simple moving average is $17.70 and its 200 day simple moving average is $19.52. XPENG has a 12-month low of $15.38 and a 12-month high of $28.24.

XPENG (NYSE:XPEV) last posted its quarterly earnings results on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $3.18 billion during the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. As a group, sell-side analysts forecast that XPENG will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XPEV. Royal Bank of Canada increased its position in shares of XPENG by 33.6% during the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after acquiring an additional 5,945 shares in the last quarter. Ameriprise Financial Inc. lifted its position in XPENG by 29.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after acquiring an additional 28,983 shares in the last quarter. Greenleaf Trust boosted its stake in XPENG by 4.7% during the 3rd quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock valued at $398,000 after purchasing an additional 770 shares during the last quarter. SG Americas Securities LLC boosted its stake in XPENG by 356.9% during the 3rd quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock valued at $25,550,000 after purchasing an additional 1,515,591 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in XPENG during the 3rd quarter worth approximately $249,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.