XPENG (NYSE:XPEV) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of XPENG (NYSE:XPEV) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other equities analysts also recently commented on XPEV. Barclays decreased their price target on XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. BNP Paribas Exane downgraded XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Citigroup reiterated a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, XPENG presently has a consensus rating of “Hold” and a consensus price target of $24.74.

XPENG Stock Down 3.1%

Shares of XPENG stock opened at $15.62 on Friday. The business has a 50-day moving average of $17.44 and a 200-day moving average of $19.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.91. The company has a market capitalization of $14.82 billion, a PE ratio of -91.85 and a beta of 1.13. XPENG has a 1-year low of $15.38 and a 1-year high of $28.24.

XPENG (NYSE:XPEV) last announced its earnings results on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $3.18 billion during the quarter. XPENG had a negative return on equity of 3.71% and a negative net margin of 1.46%. As a group, equities analysts forecast that XPENG will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On XPENG

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after acquiring an additional 1,582 shares during the period. EverSource Wealth Advisors LLC boosted its stake in XPENG by 16.9% in the third 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 boosted its stake in XPENG by 11.0% in the third 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 period. Kickstand Ventures LLC. acquired a new position in XPENG in the fourth quarter valued at approximately $202,000. Finally, BNP Paribas acquired a new position in XPENG in the third quarter valued at approximately $345,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.