Wall Street Zen Downgrades XPENG (NYSE:XPEV) to Sell

Key Points

• Wall Street Zen downgraded XPENG (NYSE:XPEV) from "hold" to "sell."
• Analyst coverage is mixed — two Strong Buy, four Buy, one Hold and four Sell — leaving a MarketBeat average rating of "Hold" with a consensus target price of $24.74.
• XPENG shares recently traded around $16.65 (market cap ~$15.8B) and the company reported a small quarterly EPS but still has a negative net margin and analysts forecast about -$0.16 EPS for the year.

XPENG (NYSE:XPEV - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently commented on XPEV. Morgan Stanley reiterated a "reduce" rating on shares of XPENG in a report on Monday, December 29th. Loop Capital set a $25.00 price target on shares of XPENG in a report on Tuesday, January 6th. Citigroup reiterated a "buy" rating on shares of XPENG in a report on Friday, February 6th. BNP Paribas Exane downgraded shares of XPENG from a "neutral" rating to an "underperform" rating in a report on Wednesday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of XPENG in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.74.

XPENG Stock Performance

Shares of NYSE XPEV opened at $16.65 on Friday. The company has a market cap of $15.80 billion, a PE ratio of -97.91 and a beta of 1.18. XPENG has a 12 month low of $15.38 and a 12 month high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.91. The company has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $19.73.

XPENG (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.04 EPS for the quarter. The business had revenue of $3.18 billion during the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. On average, equities analysts anticipate that XPENG will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company's stock worth $52,000 after acquiring an additional 1,582 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company's stock worth $63,000 after acquiring an additional 389 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of XPENG by 11.0% in the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company's stock worth $227,000 after acquiring an additional 964 shares during the last quarter. Kickstand Ventures LLC. acquired a new stake in shares of XPENG in the fourth quarter worth approximately $202,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of XPENG in the third quarter worth approximately $249,000. 21.09% of the stock is 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.

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