XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

XPENG Inc. Sponsored ADR (NYSE:XPEV) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, five have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.4154.

Several research firms have recently weighed in on XPEV. Daiwa Securities Group upgraded shares of XPENG from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, November 18th. Citigroup reissued a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Loop Capital set a $25.00 price target on XPENG in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Finally, Macquarie Infrastructure set a $26.00 price objective on XPENG and gave the company an “outperform” rating in a research report on Thursday, January 15th.

XPENG Stock Up 1.3%

Shares of NYSE XPEV opened at $17.94 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $19.28 and a 200-day moving average of $20.88. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of -42.70, a PEG ratio of 4.29 and a beta of 1.16. XPENG has a 12 month low of $16.13 and a 12 month high of $28.24.

XPENG (NYSE:XPEV) last announced its earnings results on Monday, November 17th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.41. XPENG had a negative net margin of 4.02% and a negative return on equity of 9.25%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $20.48 billion. Sell-side analysts expect that XPENG will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in shares of XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after purchasing an additional 584 shares during the last quarter. BNP Paribas boosted its position in XPENG by 10.8% during the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after buying an additional 1,600 shares during the period. EverSource Wealth Advisors LLC boosted its position in XPENG by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after buying an additional 1,212 shares during the period. Abacus Wealth Partners LLC bought a new position in shares of XPENG during the fourth quarter valued at about $1,060,000. Finally, DNB Asset Management AS purchased a new position in shares of XPENG in the fourth quarter worth about $2,325,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.