XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts give XPENG an average recommendation of Hold across 11 brokerages (4 sell, 1 hold, 4 buy, 2 strong buy) with an average 12‑month price target of $24.74.
• Shares opened at $15.86 (near the 12‑month low of $15.38) and the company has a market cap of about $15.05 billion, a negative P/E and analysts forecast about -0.16 EPS for the current year.
• XPENG reported $3.18 billion in quarterly revenue but shows negative profitability (net margin -1.46%, ROE -3.71%), and institutional investors own roughly 21% of the stock.

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) have been given an average recommendation of "Hold" by the eleven brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.74.

A number of research firms have weighed in on XPEV. Weiss Ratings reissued a "sell (d-)" rating on shares of XPENG in a research report on Monday, April 20th. Wall Street Zen downgraded shares of XPENG from a "hold" rating to a "sell" rating in a research report on Saturday, April 25th. Barclays decreased their price objective on shares of XPENG from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Tuesday, March 24th. BNP Paribas Exane downgraded shares of XPENG from a "neutral" rating to an "underperform" rating in a research note on Wednesday, April 22nd. Finally, Citigroup restated a "buy" rating on shares of XPENG in a report on Friday, February 6th.

XPENG Stock Down 2.7%

Shares of NYSE:XPEV opened at $15.86 on Friday. The firm has a market cap of $15.05 billion, a P/E ratio of -93.26 and a beta of 1.14. XPENG has a 12-month low of $15.38 and a 12-month high of $28.24. The business has a fifty day simple moving average of $17.70 and a 200 day simple moving average of $19.52. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

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

Institutional Investors Weigh In On XPENG

Several institutional investors and hedge funds have recently made changes to their positions in XPEV. Farther Finance Advisors LLC grew its stake in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company's stock worth $52,000 after purchasing an additional 1,582 shares during the period. EverSource Wealth Advisors LLC lifted its stake in XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company's stock valued at $63,000 after buying an additional 389 shares during the period. Kickstand Ventures LLC. acquired a new position in XPENG in the fourth quarter valued at approximately $202,000. Parallel Advisors LLC boosted its holdings in shares of XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company's stock worth $209,000 after buying an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of XPENG during the 3rd quarter worth approximately $249,000. Institutional investors own 21.09% of the company's stock.

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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