Brokerages Set XPENG Inc. Sponsored ADR (NYSE:XPEV) PT at $25.38

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.36.

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 price objective on shares of XPENG in a report on Friday. Bank of America reaffirmed a “buy” rating on shares of XPENG in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Finally, Barclays reduced their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, March 24th.

Hedge Funds Weigh In On XPENG

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in XPENG by 16.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after acquiring an additional 389 shares in the last quarter. Parallel Advisors LLC increased its position in XPENG by 6.0% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after acquiring an additional 584 shares in the last quarter. SBI Securities Co. Ltd. increased its position in XPENG by 7.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock valued at $335,000 after acquiring an additional 1,186 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after buying an additional 1,582 shares during the period. Finally, BNP Paribas grew its position in shares of XPENG by 10.8% during the 4th quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $332,000 after buying an additional 1,600 shares during the period. 21.09% of the stock is owned by institutional investors.

XPENG Stock Performance

NYSE:XPEV opened at $17.18 on Thursday. XPENG has a 1 year low of $14.72 and a 1 year high of $28.24. The firm’s fifty day simple moving average is $16.80 and its 200 day simple moving average is $18.54. 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 market capitalization of $16.30 billion, a PE ratio of -50.53 and a beta of 1.12.

XPENG (NYSE:XPEV) last posted its quarterly 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 during the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. On average, sell-side analysts anticipate that XPENG will post -0.26 EPS for the current year.

About XPENG

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.