Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $23.73.
XPEV has been the subject of a number of research analyst reports. Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, March 19th. The Goldman Sachs Group raised XPeng from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.40 to $24.00 in a report on Tuesday, June 17th. Finally, Bank of America upped their price objective on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th.
Read Our Latest Report on XPeng
XPeng Price Performance
XPeng (NYSE:XPEV – Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($1.51) by $1.41. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $15.80 billion. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. On average, equities research analysts predict that XPeng will post -0.96 EPS for the current fiscal year.
Institutional Trading of XPeng
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company’s stock worth $27,000 after acquiring an additional 532 shares during the period. Atlas Capital Advisors Inc. grew its stake in XPeng by 651.0% during the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock worth $31,000 after purchasing an additional 1,302 shares during the period. Garde Capital Inc. acquired a new stake in XPeng during the first quarter worth approximately $39,000. SVB Wealth LLC acquired a new stake in shares of XPeng during the 1st quarter worth approximately $46,000. Finally, Bayforest Capital Ltd grew its position in shares of XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company’s stock worth $47,000 after buying an additional 1,353 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.
XPeng Company Profile
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.
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