XPeng Inc. (NYSE:XPEV – Get Rating) has been given a consensus recommendation of “Hold” by the eleven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $35.72.
A number of equities research analysts have commented on XPEV shares. Macquarie cut XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Wednesday, August 3rd. Barclays reduced their price objective on XPeng from $22.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, October 28th. Finally, Citigroup cut XPeng from a “buy” rating to a “sell” rating in a research note on Friday, October 28th.
Institutional Trading of XPeng
Several institutional investors and hedge funds have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of XPeng by 137.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 228,925 shares of the company’s stock worth $6,089,000 after acquiring an additional 132,487 shares during the period. Assenagon Asset Management S.A. raised its position in XPeng by 25.9% in the first quarter. Assenagon Asset Management S.A. now owns 8,568 shares of the company’s stock valued at $236,000 after purchasing an additional 1,760 shares during the period. Signaturefd LLC grew its stake in shares of XPeng by 49.0% during the first quarter. Signaturefd LLC now owns 2,779 shares of the company’s stock valued at $77,000 after acquiring an additional 914 shares in the last quarter. MBL Wealth LLC acquired a new position in XPeng in the first quarter worth about $531,000. Finally, State of New Jersey Common Pension Fund D grew its stake in XPeng by 75.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 213,342 shares of the company’s stock worth $5,886,000 after purchasing an additional 91,519 shares in the last quarter. 25.15% of the stock is owned by hedge funds and other institutional investors.
XPeng Trading Up 20.6 %
Shares of NYSE XPEV opened at $8.49 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.78. The stock has a market capitalization of $7.26 billion, a P/E ratio of -6.43 and a beta of 2.62. XPeng has a 1-year low of $6.18 and a 1-year high of $56.45. The business has a fifty day moving average price of $10.99 and a 200 day moving average price of $20.02.
XPeng (NYSE:XPEV – Get Rating) last released its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($2.61) by $2.14. XPeng had a negative return on equity of 17.44% and a negative net margin of 24.82%. The company had revenue of $1.11 billion during the quarter. Equities research analysts expect that XPeng will post -1.48 EPS for the current fiscal year.
About XPeng
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services.