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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has earned an average rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.40.

XPEV has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 price target on shares of XPENG in a research note on Friday, May 29th. Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Bank of America restated 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. Finally, Weiss Ratings lowered XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday.

XPENG Stock Performance

XPENG stock opened at $11.71 on Tuesday. The business has a 50 day moving average of $13.08 and a 200-day moving average of $15.83. XPENG has a 1 year low of $11.49 and a 1 year high of $28.24. 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 has a market capitalization of $11.18 billion, a P/E ratio of -34.43 and a beta of 1.13.

XPENG (NYSE:XPEV) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. On average, equities research analysts predict that XPENG will post -0.39 earnings per share for the current year.

Institutional Trading of XPENG

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC acquired a new position in shares of XPENG in the 4th quarter worth approximately $1,060,000. DNB Asset Management AS bought a new stake in shares of XPENG in the 4th quarter valued at $2,325,000. Parallel Advisors LLC increased its position in shares of XPENG by 25.0% during the first quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock worth $220,000 after buying an additional 2,578 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of XPENG by 54.5% during the first quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company’s stock worth $103,000 after buying an additional 2,129 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of XPENG by 66.3% during the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock worth $282,000 after buying an additional 6,571 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Company Profile

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.