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

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.40.

Several research firms recently issued reports on XPEV. Barclays dropped their price objective on XPENG from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Bank of America restated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. BNP Paribas Exane cut XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $25.20 target price on shares of XPENG in a research report on Friday, May 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research note on Friday, July 17th.

XPENG Stock Performance

Shares of XPEV stock opened at $12.03 on Tuesday. The firm’s 50 day moving average is $13.50 and its 200 day moving average is $16.03. The stock has a market capitalization of $11.49 billion, a P/E ratio of -35.38 and a beta of 1.13. XPENG has a 12 month low of $11.54 and a 12 month high of $28.24. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV) last released its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. On average, sell-side analysts anticipate that XPENG will post -0.39 earnings per share for the current year.

Institutional Trading of XPENG

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of XPENG by 33.6% during the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock valued at $490,000 after purchasing an additional 5,945 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in XPENG by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after purchasing an additional 28,983 shares during the last quarter. Parallel Advisors LLC boosted its position in XPENG by 11.0% during the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after buying an additional 964 shares during the period. Farther Finance Advisors LLC boosted its position in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after buying an additional 1,582 shares during the period. Finally, Kickstand Ventures LLC. bought a new position in shares of XPENG during the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

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.