Barclays Has Lowered Expectations for XPENG (NYSE:XPEV) Stock Price

XPENG (NYSE:XPEV) had its price target lowered by equities research analysts at Barclays from $17.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 15.18% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Loop Capital set a $25.00 price objective on shares of XPENG in a research report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Morgan Stanley restated a “reduce” rating on shares of XPENG in a research report on Monday, December 29th. Finally, Macquarie Infrastructure set a $26.00 target price on XPENG and gave the company an “outperform” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.74.

XPENG Stock Performance

Shares of NYSE XPEV opened at $18.86 on Tuesday. The company has a market cap of $17.90 billion, a P/E ratio of -110.95 and a beta of 1.21. The firm’s fifty day moving average is $18.36 and its two-hundred day moving average is $20.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.09. XPENG has a 52-week low of $15.38 and a 52-week high of $28.24.

XPENG (NYSE:XPEV) last announced its quarterly earnings results on Friday, March 20th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.69%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.10 billion. As a group, analysts anticipate that XPENG will post -0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP lifted its holdings in shares of XPENG by 228.7% during the 2nd quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock valued at $29,313,000 after purchasing an additional 1,140,593 shares during the last quarter. SG Americas Securities LLC increased its position in XPENG by 7.1% during the 4th quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock valued at $23,695,000 after buying an additional 77,476 shares in the last quarter. Ameriprise Financial Inc. increased its position in XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after buying an additional 28,983 shares in the last quarter. DNB Asset Management AS purchased a new stake in XPENG in the fourth quarter valued at about $2,325,000. Finally, Ethic Inc. raised its stake in XPENG by 6.1% in the fourth quarter. Ethic Inc. now owns 78,380 shares of the company’s stock valued at $1,590,000 after buying an additional 4,493 shares during the last quarter. 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.