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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.36.

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Barclays dropped their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. Citigroup reissued a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Finally, Bank of America reissued a “buy” rating on shares of XPENG in a research note on Thursday, May 28th.

XPENG Price Performance

Shares of NYSE XPEV opened at $17.49 on Thursday. XPENG has a 1 year low of $14.72 and a 1 year high of $28.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. The company’s 50-day moving average is $16.78 and its 200 day moving average is $18.41. The stock has a market capitalization of $16.59 billion, a P/E ratio of -51.42 and a beta of 1.12.

XPENG (NYSE:XPEV) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. On average, sell-side analysts expect that XPENG will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in XPENG by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock worth $23,695,000 after acquiring an additional 77,476 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,983 shares in the last quarter. DNB Asset Management AS bought a new stake in XPENG during the fourth quarter worth about $2,325,000. Ethic Inc. lifted its stake in shares of XPENG by 6.1% in the fourth quarter. Ethic Inc. now owns 78,380 shares of the company’s stock worth $1,590,000 after buying an additional 4,493 shares in the last quarter. Finally, Abacus Wealth Partners LLC bought a new position in shares of XPENG in the fourth quarter worth approximately $1,060,000. Institutional investors own 21.09% of the company’s stock.

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.