Brokerages Set XPENG Inc. Sponsored ADR (NYSE:XPEV) PT at $25.40

XPENG Inc. Sponsored ADR (NYSE:XPEV) has earned an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.40.

A number of research firms recently weighed in on XPEV. Barclays dropped their price target on XPENG from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Bank of America reiterated a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Friday, July 17th. Finally, BNP Paribas Exane downgraded shares of XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd.

XPENG Trading Down 0.6%

XPENG stock opened at $12.78 on Friday. The stock has a 50-day simple moving average of $14.33 and a 200 day simple moving average of $16.72. The stock has a market capitalization of $12.20 billion, a P/E ratio of -37.57 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.14. XPENG has a 52 week low of $11.77 and a 52 week high of $28.24.

XPENG (NYSE:XPEV) last released its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. Analysts expect that XPENG will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

Several hedge funds have recently bought and sold shares of XPEV. SG Americas Securities LLC boosted its holdings in shares of XPENG by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock worth $23,695,000 after acquiring an additional 77,476 shares during the period. Valeo Financial Advisors LLC lifted its holdings in XPENG by 0.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock worth $5,127,000 after purchasing an additional 1,052 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in XPENG by 29.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after purchasing an additional 28,983 shares during the period. DNB Asset Management AS bought a new stake in XPENG in the 4th quarter valued at $2,325,000. Finally, Ethic Inc. increased its position in XPENG by 6.1% during the 4th quarter. Ethic Inc. now owns 78,380 shares of the company’s stock worth $1,590,000 after buying an additional 4,493 shares during the period. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.