XPENG (NYSE:XPEV) Cut to Sell at Wall Street Zen

XPENG (NYSE:XPEV) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Other equities research analysts have also recently issued reports about the company. BNP Paribas Exane cut XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. Citigroup restated a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Finally, Barclays lowered their price objective on XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.38.

XPENG Price Performance

Shares of NYSE:XPEV opened at $15.61 on Friday. The company’s 50-day moving average is $17.17 and its 200 day moving average is $18.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 1.09. The company has a market capitalization of $14.82 billion, a P/E ratio of -91.82 and a beta of 1.13. XPENG has a fifty-two week low of $14.72 and a fifty-two week high of $28.24.

XPENG (NYSE:XPEV) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $3.18 billion for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. On average, equities research analysts forecast that XPENG will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after acquiring an additional 1,582 shares during the period. EverSource Wealth Advisors LLC grew its stake in XPENG by 16.9% during the third 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. Kickstand Ventures LLC. purchased a new position in XPENG during the fourth quarter valued at approximately $202,000. Parallel Advisors LLC grew its stake in XPENG by 6.0% during the fourth 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. Finally, Venturi Wealth Management LLC grew its stake in XPENG by 66.3% during the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after acquiring an additional 6,571 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

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.