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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.3778.

A number of research analysts have weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of XPENG in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Barclays dropped their target price on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th.

Institutional Trading of XPENG

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after purchasing an additional 389 shares during the period. Parallel Advisors LLC grew its position in shares of XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after purchasing an additional 584 shares during the period. SBI Securities Co. Ltd. grew its position in shares of XPENG by 7.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock valued at $335,000 after purchasing an additional 1,186 shares during the period. Farther Finance Advisors LLC grew 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 purchasing an additional 1,582 shares during the period. Finally, BNP Paribas grew its position in shares of XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Stock Down 0.8%

XPEV opened at $16.42 on Thursday. XPENG has a fifty-two week low of $14.72 and a fifty-two week high of $28.24. 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 fifty day moving average of $16.94 and a two-hundred day moving average of $18.73. The stock has a market capitalization of $15.58 billion, a price-to-earnings ratio of -96.59 and a beta of 1.13.

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