XPeng Inc. (NYSE:XPEV) Given Average Recommendation of “Hold” by Brokerages

Shares of XPeng Inc. (NYSE:XPEV) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.64.

Separately, JPMorgan Chase & Co. lowered their target price 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.

Institutional Investors Weigh In On XPeng

Institutional investors and hedge funds have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA increased its position in shares of XPeng by 322.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,450 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in shares of XPeng during the first quarter valued at approximately $28,000. Scarborough Advisors LLC bought a new stake in shares of XPeng during the fourth quarter valued at approximately $52,000. Lindbrook Capital LLC grew its position in XPeng by 33.0% in the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after purchasing an additional 781 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in XPeng in the 4th quarter worth approximately $58,000. Institutional investors own 23.05% of the company’s stock.

XPeng Price Performance

XPEV stock opened at $7.46 on Friday. The firm has a 50 day moving average price of $8.79 and a 200-day moving average price of $12.59. XPeng has a 52-week low of $7.18 and a 52-week high of $23.62. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of -4.44 and a beta of 2.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

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

About XPeng

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.