XPeng (NYSE:XPEV) Now Covered by Analysts at BNP Paribas Exane

BNP Paribas Exane initiated coverage on shares of XPeng (NYSE:XPEV) in a research report report published on Monday, Marketbeat.com reports. The brokerage issued a neutral rating and a $19.00 price objective on the stock.

A number of other research firms also recently commented on XPEV. Sanford C. Bernstein set a $19.00 price target on XPeng and gave the company a “market perform” rating in a research note on Thursday, May 22nd. BNP Paribas started coverage on XPeng in a report on Monday. They set a “neutral” rating on the stock. Macquarie reiterated an “outperform” rating and issued a $25.00 target price (up from $24.00) on shares of XPeng in a report on Friday. Morgan Stanley set a $28.00 target price on shares of XPeng and gave the company an “overweight” rating in a research report on Thursday, June 12th. Finally, 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 research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.90.

XPeng Trading Up 1.1%

XPEV stock opened at $19.91 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07. The company has a fifty day moving average price of $18.79 and a two-hundred day moving average price of $19.46. XPeng has a one year low of $6.65 and a one year high of $27.16. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of -26.55 and a beta of 2.50.

XPeng (NYSE:XPEV) last posted its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $15.80 billion. Equities analysts anticipate that XPeng will post -0.96 EPS for the current year.

Institutional Trading of XPeng

A number of hedge funds have recently bought and sold shares of the company. Alibaba Group Holding Ltd grew its position in shares of XPeng by 21.2% during the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock worth $448,678,000 after purchasing an additional 6,650,000 shares in the last quarter. TMT General Partner Ltd lifted its stake in shares of XPeng by 88.2% in the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company’s stock valued at $678,099,000 after purchasing an additional 15,340,907 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of XPeng by 567.4% during the 1st quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company’s stock worth $109,959,000 after acquiring an additional 4,511,751 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of XPeng by 947.5% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock worth $20,800,000 after acquiring an additional 1,591,750 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of XPeng by 228.7% during the 2nd quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after acquiring an additional 1,140,593 shares during the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

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.