XPeng (NYSE:XPEV) Coverage Initiated by Analysts at Macquarie

Macquarie initiated coverage on shares of XPeng (NYSE:XPEV - Free Report) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $7.00 price objective on the stock.

Separately, JPMorgan Chase & Co. dropped their price target on XPeng from $19.00 to $9.00 and set a neutral rating for the company in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, XPeng has a consensus rating of Hold and an average price target of $17.48.

XPeng Stock Performance

Shares of XPeng stock traded down $0.26 on Monday, reaching $7.20. 12,876,889 shares of the company traded hands, compared to its average volume of 13,820,036. The company has a 50 day moving average of $8.79 and a 200 day moving average of $12.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. XPeng has a 52 week low of $7.07 and a 52 week high of $23.62. The firm has a market capitalization of $6.78 billion, a PE ratio of -4.44 and a beta of 2.93.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. The business had revenue of $1.84 billion for the quarter. Equities analysts forecast that XPeng will post -1.25 earnings per share for the current year.

Institutional Trading of XPeng

A number of hedge funds have recently bought and sold shares of the company. XY Capital Ltd raised its stake in shares of XPeng by 554.5% during the third quarter. XY Capital Ltd now owns 327,229 shares of the company's stock worth $6,008,000 after acquiring an additional 277,229 shares in the last quarter. NINE MASTS CAPITAL Ltd lifted its stake in XPeng by 1,765.6% in the third quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company's stock worth $6,122,000 after purchasing an additional 324,297 shares during the last quarter. RWC Asset Management LLP purchased a new stake in XPeng during the third quarter valued at about $8,291,000. Ballentine Partners LLC grew its stake in shares of XPeng by 14.6% during the fourth quarter. Ballentine Partners LLC now owns 13,557 shares of the company's stock valued at $198,000 after buying an additional 1,729 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of XPeng by 37.5% in the third quarter. Mariner LLC now owns 25,141 shares of the company's stock worth $462,000 after buying an additional 6,858 shares during the period. Institutional investors own 23.05% of the company's stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.