XPeng Inc. (NYSE:XPEV) Receives Average Recommendation of “Hold” from Brokerages

Shares of XPeng Inc. (NYSE:XPEV) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.48.

Several research firms recently commented on XPEV. Macquarie initiated coverage on XPeng in a report on Monday. They issued a “neutral” rating and a $7.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd.

XPeng Stock Performance

Shares of XPEV stock opened at $7.41 on Friday. The company’s fifty day moving average price is $8.72 and its 200-day moving average price is $12.35. The stock has a market cap of $6.98 billion, a PE ratio of -4.41 and a beta of 2.93. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. XPeng has a 12 month low of $6.99 and a 12 month high of $23.62.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. On average, equities analysts expect that XPeng will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of XPeng by 8,035.6% during the third quarter. FMR LLC now owns 5,311,499 shares of the company’s stock valued at $97,519,000 after acquiring an additional 5,246,212 shares in the last quarter. Norges Bank acquired a new stake in XPeng in the 4th quarter worth approximately $41,993,000. RWC Asset Advisors US LLC increased its stake in XPeng by 170.3% during the 4th quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company’s stock valued at $64,698,000 after purchasing an additional 2,793,550 shares in the last quarter. UBS Group AG raised its holdings in shares of XPeng by 1,500.6% in the third quarter. UBS Group AG now owns 2,442,935 shares of the company’s stock worth $44,852,000 after buying an additional 2,290,309 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of XPeng during the first quarter worth $21,058,000. Institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.