XPeng Inc. (NYSE:XPEV) Receives Consensus Recommendation of “Hold” from Analysts

XPeng Inc. (NYSE:XPEV) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.48.

XPEV has been the subject of a number of recent research reports. Macquarie initiated coverage on XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd.

Institutional Investors Weigh In On XPeng

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Primecap Management Co. CA grew its stake in shares of XPeng by 5.3% in the 4th quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company’s stock valued at $182,343,000 after buying an additional 624,926 shares in the last quarter. FMR LLC grew its position in XPeng by 8,035.6% in the third quarter. FMR LLC now owns 5,311,499 shares of the company’s stock worth $97,519,000 after acquiring an additional 5,246,212 shares in the last quarter. RWC Asset Advisors US LLC grew its position in XPeng by 170.3% in the fourth quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company’s stock worth $64,698,000 after acquiring an additional 2,793,550 shares in the last quarter. Norges Bank acquired a new position in shares of XPeng during the 4th quarter worth $41,993,000. Finally, UBS Group AG raised its holdings in shares of XPeng by 1,500.6% during the 3rd quarter. UBS Group AG now owns 2,442,935 shares of the company’s stock valued at $44,852,000 after purchasing an additional 2,290,309 shares in the last quarter. 23.05% of the stock is owned by hedge funds and other institutional investors.

XPeng Stock Down 6.6 %

Shares of XPEV stock opened at $8.43 on Wednesday. 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 stock has a market cap of $7.94 billion, a PE ratio of -5.02 and a beta of 2.84. The business’s fifty day moving average is $8.44 and its 200-day moving average is $11.53. XPeng has a 1 year low of $6.55 and a 1 year high of $23.62.

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

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) 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, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.