XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Consensus Rating 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 stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.40.

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

XPENG Stock Performance

NYSE:XPEV opened at $13.33 on Friday. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of -39.20 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. The company’s 50-day moving average is $14.48 and its two-hundred day moving average is $16.82. XPENG has a 1-year low of $11.77 and a 1-year high of $28.24.

XPENG (NYSE:XPEV) last released its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. Analysts forecast that XPENG will post -0.36 EPS for the current year.

Hedge Funds Weigh In On XPENG

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position 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 in the last quarter. Ameriprise Financial Inc. increased its stake in shares of XPENG by 29.4% during the 2nd 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 increased its holdings in shares of XPENG by 11.0% during the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after acquiring an additional 964 shares during the last quarter. SG Americas Securities LLC grew its holdings in XPENG by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock valued at $23,695,000 after purchasing an additional 77,476 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake 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 worth $52,000 after purchasing an additional 1,582 shares during the period. Institutional investors own 21.09% of the company’s stock.

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.