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

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.4154.

Several research analysts have recently issued reports on the stock. Morgan Stanley restated a “reduce” rating on shares of XPENG in a report on Monday, December 29th. Loop Capital set a $25.00 price target on XPENG in a research note on Tuesday, January 6th. Daiwa Capital Markets raised XPENG from a “neutral” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, November 18th. Macquarie set a $26.00 price objective on XPENG and gave the stock an “outperform” rating in a report on Thursday, January 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On XPENG

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. Royal Bank of Canada increased its stake in XPENG by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock valued at $490,000 after acquiring an additional 5,945 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of XPENG by 32.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,518 shares of the company’s stock worth $2,423,000 after purchasing an additional 33,282 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in XPENG by 18,967.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $178,000 after purchasing an additional 10,053 shares during the last quarter. Ethic Inc. grew its stake in XPENG by 6.8% during the second quarter. Ethic Inc. now owns 77,604 shares of the company’s stock worth $1,407,000 after buying an additional 4,926 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in XPENG by 3.9% during the second quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company’s stock worth $315,000 after buying an additional 655 shares during the last quarter. 21.09% of the stock is owned by institutional investors.

XPENG Stock Performance

XPEV opened at $18.58 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $20.10 and its two-hundred day moving average price is $20.95. The firm has a market capitalization of $17.63 billion, a P/E ratio of -44.24, a price-to-earnings-growth ratio of 2.98 and a beta of 1.13. XPENG has a 12-month low of $14.74 and a 12-month high of $28.24.

XPENG (NYSE:XPEV) last posted its quarterly earnings data on Monday, November 17th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.41. XPENG had a negative return on equity of 9.25% and a negative net margin of 4.02%.The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $20.48 billion. On average, equities analysts forecast that XPENG will post -0.96 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.