XPENG (NYSE:XPEV) Issues Earnings Results, Misses Estimates By $0.16 EPS

XPENG (NYSE:XPEV) issued its quarterly earnings data on Thursday. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16), Zacks reports. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%.

XPENG Trading Down 0.8%

NYSE:XPEV opened at $16.42 on Thursday. XPENG has a one year low of $14.72 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 1.09. The firm has a market cap of $15.58 billion, a P/E ratio of -96.59 and a beta of 1.13. The firm has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $18.73.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after purchasing an additional 584 shares during the last quarter. Royal Bank of Canada grew its position in XPENG by 33.6% during the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after purchasing an additional 5,945 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after purchasing an additional 28,983 shares during the last quarter. Institutional investors own 21.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on XPEV. Wall Street Zen downgraded shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday. Barclays decreased their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Finally, BNP Paribas Exane downgraded shares of XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.38.

XPENG Company Profile

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.