XPeng Inc. (NYSE:XPEV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of XPeng Inc. (NYSE:XPEV) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.77.

A number of equities research analysts have recently commented on the company. Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Bank of America upped their target price on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. UBS Group raised XPeng from a “sell” rating to a “neutral” rating and upped their target price for the company from $8.80 to $18.00 in a report on Monday, February 24th. Daiwa America lowered shares of XPeng from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Finally, Sanford C. Bernstein set a $19.00 price objective on shares of XPeng and gave the company a “market perform” rating in a research note on Thursday, May 22nd.

Institutional Investors Weigh In On XPeng

Several hedge funds have recently bought and sold shares of XPEV. TMT General Partner Ltd lifted its position in XPeng by 88.2% in the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company’s stock worth $678,099,000 after buying an additional 15,340,907 shares in the last quarter. Alibaba Group Holding Ltd raised its holdings in shares of XPeng by 21.2% during the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock worth $448,678,000 after acquiring an additional 6,650,000 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of XPeng by 567.4% during the first quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company’s stock worth $109,959,000 after acquiring an additional 4,511,751 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock worth $54,354,000 after purchasing an additional 4,227,055 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of XPeng by 947.5% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock worth $20,800,000 after purchasing an additional 1,591,750 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Price Performance

Shares of NYSE XPEV opened at $18.65 on Thursday. XPeng has a twelve month low of $6.60 and a twelve month high of $27.16. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of -21.44 and a beta of 2.58. The firm has a 50-day moving average of $19.63 and a two-hundred day moving average of $17.69. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV) last released its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($1.51) by $1.41. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $15.80 billion. As a group, analysts expect that XPeng will post -0.96 earnings per share for the current fiscal year.

XPeng Company Profile

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.