XPeng Inc. (NYSE:XPEV) Given Consensus Recommendation of "Hold" by Analysts

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) have earned an average recommendation of "Hold" from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.20.

Several brokerages recently commented on XPEV. Bank of America boosted their price objective on shares of XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. dropped their target price on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and lifted their target price for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Barclays lifted their target price on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, March 20th. Finally, Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and lifted their target price for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th.

Institutional Investors Weigh In On XPeng

A number of hedge funds have recently made changes to their positions in the business. Alibaba Group Holding Ltd lifted its holdings in shares of XPeng by 21.2% in the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock worth $448,678,000 after acquiring an additional 6,650,000 shares during the last quarter. TMT General Partner Ltd raised its holdings in XPeng by 88.2% during the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock valued at $678,099,000 after buying an additional 15,340,907 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in XPeng by 567.4% during the 1st quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock valued at $109,959,000 after buying an additional 4,511,751 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in XPeng by 947.5% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock valued at $20,800,000 after buying an additional 1,591,750 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors.

XPeng Price Performance

Shares of NYSE:XPEV opened at $20.63 on Friday. The company has a 50 day moving average of $20.21 and a 200 day moving average of $16.60. The stock has a market cap of $19.58 billion, a P/E ratio of -23.72 and a beta of 2.64. XPeng has a 12 month low of $6.60 and a 12 month high of $27.16. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS 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 net margin of 15.35% and a negative return on equity of 16.92%. As a group, sell-side analysts forecast that XPeng will post -0.96 EPS for the current fiscal year.

XPeng Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.