XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives Average Rating of “Hold” from Brokerages

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.74.

Several research firms have commented on XPEV. Loop Capital set a $25.00 price target on XPENG in a report on Tuesday, January 6th. Macquarie Infrastructure set a $26.00 price target on XPENG and gave the company an “outperform” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Citigroup reissued a “buy” rating on shares of XPENG in a report on Friday, February 6th. Finally, Morgan Stanley reissued a “reduce” rating on shares of XPENG in a report on Monday, December 29th.

Hedge Funds Weigh In On XPENG

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of XPENG by 16.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of XPENG by 6.0% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after buying an additional 584 shares in the last quarter. Greenleaf Trust raised its holdings in shares of XPENG by 4.7% in the 3rd quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock worth $398,000 after buying an additional 770 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of XPENG by 7.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after buying an additional 1,186 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of XPENG by 161.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after buying an additional 1,582 shares in the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

XPENG Trading Down 1.2%

XPENG stock opened at $17.19 on Wednesday. The business has a 50 day moving average price of $17.90 and a two-hundred day moving average price of $20.17. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of -101.11 and a beta of 1.18. XPENG has a 12 month low of $15.38 and a 12 month high of $28.24.

XPENG (NYSE:XPEV) last posted its quarterly earnings results on Sunday, February 15th. The company reported $0.04 EPS for the quarter. The firm had revenue of $3.18 billion during the quarter. XPENG had a negative return on equity of 3.69% and a negative net margin of 1.46%. As a group, equities analysts forecast that XPENG will post -0.96 EPS for the current year.

XPENG Company Profile

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.