Macquarie Begins Coverage on XPeng (NYSE:XPEV)

Macquarie initiated coverage on shares of XPeng (NYSE:XPEV) in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $7.00 target price on the stock.

Separately, JPMorgan Chase & Co. dropped their target price on shares of XPeng from $19.00 to $9.00 and set a neutral rating for the company in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, XPeng has an average rating of Hold and a consensus price target of $17.48.

XPeng Stock Performance

Shares of NYSE XPEV opened at $7.41 on Monday. The firm has a fifty day moving average price of $8.72 and a 200-day moving average price of $12.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The stock has a market cap of $6.98 billion, a PE ratio of -4.41 and a beta of 2.93. XPeng has a 1 year low of $6.99 and a 1 year high of $23.62.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XPEV. Compagnie Lombard Odier SCmA increased its stake in XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,450 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in XPeng during the 1st quarter valued at about $28,000. Scarborough Advisors LLC purchased a new position in XPeng during the 4th quarter valued at about $52,000. Lindbrook Capital LLC increased its position in XPeng by 33.0% during the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after purchasing an additional 781 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in XPeng during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 23.05% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.