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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $24.74.

A number of equities research analysts recently weighed in on XPEV shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of XPENG in a report on Friday, February 6th. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Macquarie Infrastructure set a $26.00 price target on shares of XPENG and gave the company an “outperform” rating in a report on Thursday, January 15th. Finally, Barclays lowered their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, March 24th.

XPENG Price Performance

XPENG stock opened at $15.64 on Friday. XPENG has a 52-week low of $15.38 and a 52-week high of $28.24. The firm has a fifty day moving average of $17.57 and a 200-day moving average of $19.39. The firm has a market capitalization of $14.84 billion, a P/E ratio of -91.99 and a beta of 1.13. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

XPENG (NYSE:XPEV) last released its quarterly earnings results on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $3.18 billion during the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. As a group, analysts predict that XPENG will post -0.16 EPS for the current year.

Institutional Investors Weigh In On XPENG

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in XPENG by 7.1% during the 4th 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 in the last quarter. Ameriprise Financial Inc. grew its holdings in 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 acquiring an additional 28,983 shares in the last quarter. DNB Asset Management AS acquired a new position in XPENG during the 4th quarter worth $2,325,000. Ethic Inc. grew its holdings in XPENG by 6.1% during the 4th quarter. Ethic Inc. now owns 78,380 shares of the company’s stock worth $1,590,000 after acquiring an additional 4,493 shares in the last quarter. Finally, Abacus Wealth Partners LLC acquired a new position in XPENG during the 4th quarter worth $1,060,000. 21.09% of the stock is 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.