XPENG (NYSE:XPEV) Lowered to Underperform Rating by BNP Paribas Exane

BNP Paribas Exane downgraded shares of XPENG (NYSE:XPEV) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday morning, MarketBeat reports.

Several other research firms have also recently commented on XPEV. Barclays reduced their target price on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Tuesday, March 24th. Macquarie Infrastructure set a $26.00 target price on shares of XPENG and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Loop Capital set a $25.00 target price on shares of XPENG in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research note on Monday. Finally, Morgan Stanley reiterated a “reduce” rating on shares of XPENG in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.74.

XPENG Stock Down 1.2%

XPEV stock opened at $17.01 on Wednesday. XPENG has a one year low of $15.38 and a one year high of $28.24. The stock has a market capitalization of $16.14 billion, a PE ratio of -100.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 1.09. The company has a fifty day moving average of $17.89 and a 200-day moving average of $19.80.

XPENG (NYSE:XPEV) last released its earnings results on Sunday, February 15th. The company reported $0.04 EPS for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. The company had revenue of $3.18 billion during the quarter. As a group, analysts expect that XPENG will post -0.16 EPS for the current year.

Institutional Trading of XPENG

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after purchasing an additional 1,582 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after purchasing an additional 389 shares during the period. Kickstand Ventures LLC. acquired a new stake in shares of XPENG in the fourth quarter valued at about $202,000. Parallel Advisors LLC raised its position in XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after acquiring an additional 584 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in XPENG during the third quarter worth about $249,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.