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

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been given an average rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.40.

Several equities analysts have recently weighed in on XPEV shares. BNP Paribas Exane cut XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Barclays cut their target price on XPENG from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday. Bank of America reaffirmed a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th.

Institutional Trading of XPENG

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in XPENG by 6.0% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after purchasing an additional 584 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of XPENG by 0.3% during the 2nd 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% during the 4th 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of XPENG by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after purchasing an additional 1,212 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of XPENG by 161.4% in the fourth 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 period. Institutional investors own 21.09% of the company’s stock.

XPENG Stock Up 2.0%

XPENG stock opened at $14.05 on Friday. XPENG has a 1-year low of $11.77 and a 1-year high of $28.24. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of -41.33 and a beta of 1.12. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $14.64 and a 200 day simple moving average of $16.98.

XPENG (NYSE:XPEV) last posted its 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). The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. On average, analysts predict that XPENG will post -0.35 earnings per share 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.