XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have earned an average recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.3778.

A number of research firms recently weighed in on XPEV. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday. BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Citigroup restated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Finally, Barclays lowered their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th.

XPENG Stock Performance

XPEV opened at $16.42 on Thursday. The firm has a market capitalization of $15.58 billion, a PE ratio of -96.59 and a beta of 1.13. XPENG has a twelve month low of $14.72 and a twelve month high of $28.24. The firm’s 50-day moving average price is $16.94 and its 200 day moving average price is $18.73. The company has a current ratio of 1.09, a quick ratio of 0.91 and a debt-to-equity ratio of 0.24.

XPENG (NYSE:XPEV) last posted its quarterly earnings results on Sunday, February 15th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $3.18 billion for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. As a group, sell-side analysts expect that XPENG will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On XPENG

Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in XPENG by 54.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company’s stock valued at $103,000 after purchasing an additional 2,129 shares during the last quarter. Parallel Advisors LLC boosted its holdings in XPENG by 25.0% in the 1st quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock valued at $220,000 after purchasing an additional 2,578 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in XPENG by 66.3% in the 1st quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after purchasing an additional 6,571 shares during the last quarter. BNP Paribas boosted its holdings in XPENG by 10.8% in the 4th quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Abacus Wealth Partners LLC acquired a new position in XPENG in the 4th quarter valued at about $1,060,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.