XPeng Inc. (NYSE:XPEV) Given Average Rating of “Hold” by Brokerages

Shares of XPeng Inc. (NYSE:XPEV) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.20.

A number of analysts have recently issued reports on the company. Macquarie reaffirmed a “neutral” rating and issued a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Daiwa America downgraded shares of XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Barclays raised their target price on shares of XPeng from $7.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th. Finally, Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th.

XPeng Price Performance

Shares of XPEV opened at $19.70 on Friday. 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 company’s fifty day simple moving average is $19.05 and its 200 day simple moving average is $14.43. XPeng has a 1-year low of $6.55 and a 1-year high of $27.16. The company has a market cap of $18.56 billion, a price-to-earnings ratio of -22.65 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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $16.11 billion. On average, research analysts forecast that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. TMT General Partner Ltd bought a new position in XPeng during the 4th quarter worth $205,501,000. Alibaba Group Holding Ltd grew its stake in 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 buying an additional 6,650,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in XPeng by 1,138.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after acquiring an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of XPeng during the 3rd quarter worth $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 buying an additional 1,591,750 shares during the last quarter. Institutional investors and hedge funds 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.