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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has received an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.5111.

A number of analysts have recently issued reports on XPEV shares. Bank of America restated a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Barclays lowered 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. BNP Paribas Exane downgraded XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $25.20 target price on shares of XPENG in a research report on Friday, May 29th.

Hedge Funds Weigh In On XPENG

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings 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 during the period. Parallel Advisors LLC increased its holdings in shares of XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after purchasing an additional 584 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of XPENG by 7.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after purchasing an additional 1,186 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares during the period. Finally, BNP Paribas increased its holdings in shares of XPENG by 10.8% during the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $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 Performance

XPEV opened at $13.21 on Monday. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of -38.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. XPENG has a 1-year low of $12.97 and a 1-year high of $28.24. The business has a 50 day moving average price of $16.07 and a two-hundred day moving average price of $17.82.

XPENG (NYSE:XPEV) last released its earnings results 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 return on equity of 7.72% and a negative net margin of 3.09%.The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Research analysts predict that XPENG will post -0.35 EPS for the current fiscal 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.