XPeng (NYSE:XPEV) Upgraded to Strong-Buy at Nomura Securities

Nomura Securities upgraded shares of XPeng (NYSE:XPEV) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Bank of America lifted their price target on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and boosted their price target for the company from $8.80 to $18.00 in a report on Monday, February 24th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. reduced their price objective on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Macquarie reissued a “neutral” rating and set a $18.00 target price on shares of XPeng in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.02.

XPeng Trading Up 5.1 %

Shares of XPeng stock opened at $23.80 on Tuesday. The company has a fifty day simple moving average of $17.90 and a 200-day simple moving average of $13.86. XPeng has a 12-month low of $6.55 and a 12-month high of $27.16. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of -27.35 and a beta of 2.68.

XPeng (NYSE:XPEV) last released its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. On average, equities analysts forecast that XPeng will post -0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently bought and sold shares of XPEV. Alibaba Group Holding Ltd increased its stake in XPeng by 21.2% in the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock valued at $448,678,000 after acquiring an additional 6,650,000 shares during the period. TMT General Partner Ltd acquired a new position in shares of XPeng during the fourth quarter worth approximately $205,501,000. JPMorgan Chase & Co. grew its stake in shares of XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after purchasing an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of XPeng in the third quarter valued at approximately $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in XPeng by 947.5% in 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 purchasing an additional 1,591,750 shares during the last quarter. Institutional investors 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.