XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Consensus Recommendation of “Hold” by Analysts

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $26.20.

A number of brokerages recently weighed in on XPEV. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings downgraded shares of XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. BNP Paribas Exane cut shares of XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 target price on shares of XPENG in a report on Friday, May 29th. Finally, Bank of America reissued a “buy” rating on shares of XPENG in a research note on Thursday, May 28th.

Institutional Investors Weigh In On XPENG

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after acquiring an additional 1,582 shares during the period. EverSource Wealth Advisors LLC increased its stake in XPENG by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after purchasing an additional 1,212 shares during the period. Kickstand Ventures LLC. purchased a new position in XPENG in the 4th quarter worth approximately $202,000. Parallel Advisors LLC lifted its position in XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after purchasing an additional 584 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after purchasing an additional 6,571 shares during the last quarter. Institutional investors own 21.09% of the company’s stock.

XPENG Stock Up 4.4%

Shares of NYSE:XPEV opened at $12.22 on Tuesday. The firm has a market capitalization of $11.67 billion, a PE ratio of -35.94 and a beta of 1.13. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.14. XPENG has a 52-week low of $11.49 and a 52-week high of $28.24. The firm has a fifty day moving average of $13.00 and a 200 day moving average of $15.77.

XPENG (NYSE:XPEV) last released its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. As a group, research analysts anticipate that XPENG will post -0.39 EPS for the current fiscal year.

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.