XPeng Inc. (NYSE:XPEV) Receives Consensus Rating of "Hold" from Brokerages

XPeng Inc. (NYSE:XPEV - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $22.29.

A number of equities research analysts recently weighed in on the stock. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and raised their target price for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. Sanford C. Bernstein set a $19.00 target price on shares of XPeng and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Barclays lifted their price target on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and increased their price objective for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Nomura Securities raised XPeng to a "strong-buy" rating in a report on Tuesday, March 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPEV. JPMorgan Chase & Co. grew its position in shares of XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Van ECK Associates Corp lifted its stake in XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock worth $3,001,000 after acquiring an additional 31,538 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in XPeng in the fourth quarter valued at $554,000. AI Squared Management Ltd purchased a new position in XPeng during the 4th quarter valued at $2,126,000. Finally, Savant Capital LLC purchased a new position in XPeng during the 4th quarter valued at $229,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Stock Performance

Shares of NYSE XPEV traded down $1.20 during mid-day trading on Thursday, hitting $19.23. The company had a trading volume of 9,353,479 shares, compared to its average volume of 11,902,696. 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 has a 1 year low of $6.60 and a 1 year high of $27.16. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of -22.10 and a beta of 2.58. The stock's 50-day moving average price is $19.52 and its 200-day moving average price is $17.46.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($1.51) by $1.41. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. On average, sell-side analysts forecast that XPeng will post -0.96 earnings per share for the current 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.