XPeng Inc. (NYSE:XPEV) Receives Average Rating of "Hold" from Analysts

XPeng Inc. (NYSE:XPEV - Get Free Report) has received an average recommendation of "Hold" from the thirteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.20.

A number of analysts have recently commented on the company. Citigroup upgraded XPeng from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Bank of America boosted their price objective on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Nomura Securities upgraded XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. Barclays boosted their price objective on XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, March 20th. Finally, Nomura raised XPeng from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. Virtu Financial LLC acquired a new position in XPeng during the third quarter worth $915,000. TMT General Partner Ltd acquired a new position in XPeng during the fourth quarter worth $205,501,000. Ballentine Partners LLC boosted its stake in XPeng by 23.4% during the fourth quarter. Ballentine Partners LLC now owns 21,647 shares of the company's stock worth $256,000 after buying an additional 4,105 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of XPeng by 44.9% in the 4th quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company's stock valued at $181,000 after purchasing an additional 4,758 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after purchasing an additional 2,564 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Stock Performance

XPEV stock traded down $0.14 during trading on Wednesday, hitting $19.94. 6,088,683 shares of the company traded hands, compared to its average volume of 12,868,331. The stock's 50-day simple moving average is $20.58 and its 200 day simple moving average is $15.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company has a market cap of $18.92 billion, a PE ratio of -22.92 and a beta of 2.62. XPeng has a 1 year low of $6.60 and a 1 year high of $27.16.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($1.36) by $1.17. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, equities analysts expect that XPeng will post -0.96 earnings per share for the current fiscal year.

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.