Macquarie Begins Coverage on XPeng (NYSE:XPEV)

Macquarie assumed coverage on shares of XPeng (NYSE:XPEV) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $7.00 price objective on the stock.

Separately, JPMorgan Chase & Co. lowered their price objective on shares of XPeng from $19.00 to $9.00 and set a neutral rating for the company in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $17.48.

XPeng Stock Down 3.6 %

NYSE XPEV opened at $7.20 on Monday. The business has a fifty day moving average price of $8.78 and a 200 day moving average price of $12.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51. The company has a market cap of $6.78 billion, a P/E ratio of -4.28 and a beta of 2.93. XPeng has a one year low of $7.07 and a one year high of $23.62.

XPeng (NYSE:XPEV) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) 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 during the quarter. Research analysts anticipate that XPeng will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

Large investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA boosted its holdings in shares of XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after buying an additional 1,450 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new stake in XPeng during the 1st quarter worth approximately $28,000. Scarborough Advisors LLC acquired a new stake in XPeng during the 4th quarter worth approximately $52,000. Lindbrook Capital LLC lifted its position in XPeng by 33.0% during the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock worth $58,000 after acquiring an additional 781 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in XPeng during the 4th quarter worth approximately $58,000. 23.05% of the stock is owned by hedge funds and other institutional investors.

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.