XPENG (NYSE:XPEV) Trading 6.4% Higher – Should You Buy?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares rose 6.4% on Wednesday . The stock traded as high as $13.98 and last traded at $14.2140. 1,353,010 shares were traded during mid-day trading, a decline of 80% from the average session volume of 6,790,966 shares. The stock had previously closed at $13.36.

Analyst Ratings Changes

Several equities research analysts have weighed in on XPEV shares. Wall Street Zen downgraded XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Jefferies Financial Group reiterated a “buy” rating and set a $25.20 price objective on shares of XPENG in a research note on Friday, May 29th. Bank of America reissued a “buy” rating on shares of XPENG in a report on Thursday, May 28th. BNP Paribas Exane cut XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Barclays cut their price objective on XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Sell rating to the company. According to data from MarketBeat, XPENG presently has a consensus rating of “Hold” and an average price target of $25.51.

XPENG Trading Up 5.1%

The firm has a market cap of $13.40 billion, a PE ratio of -41.39 and a beta of 1.12. The company has a 50-day simple moving average of $14.71 and a 200 day simple moving average of $17.07. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

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 analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. As a group, sell-side analysts forecast that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPENG

A number of hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in shares of 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 buying an additional 584 shares during the period. Valeo Financial Advisors LLC lifted its holdings in XPENG by 0.3% during the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after purchasing an additional 1,052 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of XPENG by 7.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock valued at $335,000 after purchasing an additional 1,186 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of XPENG by 45.0% during the fourth 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 in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares during the last quarter. Hedge funds and other 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.