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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has received an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.5111.

Several brokerages have weighed in on XPEV. BNP Paribas Exane downgraded XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Barclays reduced their price target on XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, March 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 price objective on shares of XPENG in a report on Friday, May 29th. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th.

Hedge Funds Weigh In On XPENG

Several institutional investors have recently added to or reduced their stakes in XPEV. DNB Asset Management AS acquired a new position in XPENG in the fourth quarter valued at $2,325,000. SG Americas Securities LLC increased 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 during the last quarter. Abacus Wealth Partners LLC acquired a new stake in XPENG during the fourth quarter worth about $1,060,000. Ameriprise Financial Inc. increased 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 during the last quarter. Finally, BNP Paribas acquired a new stake in XPENG during the third quarter worth about $345,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPENG Stock Down 0.8%

Shares of NYSE:XPEV opened at $12.09 on Monday. The firm has a fifty day moving average price of $15.58 and a 200 day moving average price of $17.59. XPENG has a 1-year low of $11.77 and a 1-year high of $28.24. The stock has a market cap of $11.47 billion, a P/E ratio of -35.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89.

XPENG (NYSE:XPEV) last announced its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share 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 during the quarter, compared to analysts’ expectations of $1.87 billion. Sell-side analysts predict that XPENG will post -0.35 EPS for the current year.

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.