XPeng Inc. (NYSE:XPEV) Receives Consensus Rating of “Hold” from Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.48.

A number of research analysts recently issued reports on XPEV shares. JPMorgan Chase & Co. dropped their price target on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Macquarie started coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 target price on the stock.

XPeng Stock Down 6.6 %

XPEV stock opened at $8.43 on Wednesday. The stock has a market cap of $7.94 billion, a P/E ratio of -5.02 and a beta of 2.84. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. XPeng has a twelve month low of $6.55 and a twelve month high of $23.62. The company’s 50 day moving average is $8.44 and its two-hundred day moving average is $11.53.

XPeng (NYSE:XPEV) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. Research analysts expect that XPeng will post -1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XPeng

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA raised its position in XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after acquiring an additional 1,450 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in XPeng during the fourth quarter worth about $52,000. Lindbrook Capital LLC grew its position in XPeng by 33.0% during the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after buying an additional 781 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of XPeng during the 4th quarter valued at approximately $59,000. Finally, Headlands Technologies LLC purchased a new stake in shares of XPeng during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 23.05% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.