XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives Consensus Rating of "Hold" from Analysts

Key Points

• XPENG has a consensus “Hold” rating from 10 analysts: four rate it a sell, four a buy and two a strong buy. The average 12-month price target is $25.40.
• The stock opened at $12.03, near its 52-week low of $11.54 and below its 50-day and 200-day moving averages. XPENG reported a quarterly loss of $0.27 per share, missing estimates by $0.16, despite revenue of $1.89 billion slightly exceeding forecasts.
• Hedge funds and institutional investors own 21.09% of XPENG, with several firms recently increasing their positions, including Venturi Wealth Management and EverSource Wealth Advisors.

XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.40.

XPEV has been the subject of a number of analyst reports. Wall Street Zen downgraded XPENG from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. Barclays lowered their price objective on XPENG from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, July 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of XPENG in a research note on Friday, July 17th. BNP Paribas Exane cut shares of XPENG from a "neutral" rating to an "underperform" rating in a research report on Wednesday, April 22nd. Finally, Bank of America restated a "buy" rating on shares of XPENG in a research note on Thursday, May 28th.

XPENG Stock Performance

XPEV opened at $12.03 on Tuesday. XPENG has a 1-year low of $11.54 and a 1-year high of $28.24. The company has a market cap of $11.49 billion, a price-to-earnings ratio of -35.38 and a beta of 1.13. The company's fifty day moving average price is $13.50 and its two-hundred day moving average price is $16.03. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.16). The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. On average, analysts expect that XPENG will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On XPENG

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. Valeo Financial Advisors LLC grew its position in XPENG by 0.3% during the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company's stock valued at $5,127,000 after buying an additional 1,052 shares during the period. Parallel Advisors LLC raised its holdings in shares of XPENG by 25.0% in the 1st quarter. Parallel Advisors LLC now owns 12,871 shares of the company's stock worth $220,000 after purchasing an additional 2,578 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of XPENG by 54.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company's stock worth $103,000 after purchasing an additional 2,129 shares during the period. Venturi Wealth Management LLC lifted its stake in XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company's stock valued at $282,000 after purchasing an additional 6,571 shares during the last quarter. Finally, BNP Paribas lifted its position in shares of XPENG by 10.8% during the 4th quarter. BNP Paribas now owns 16,350 shares of the company's stock valued at $332,000 after buying an additional 1,600 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPENG Company Profile

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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