XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $19.93, but opened at $18.92. XPeng shares last traded at $18.97, with a volume of 1,586,546 shares changing hands.
Analyst Ratings Changes
Several research firms recently commented on XPEV. Macquarie reiterated a "neutral" rating and issued a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Daiwa America lowered XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their price target for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. Sanford C. Bernstein set a $18.00 target price on XPeng and gave the company a "market perform" rating in a research note on Wednesday, March 19th. Finally, Daiwa Capital Markets reissued a "neutral" rating and set a $24.00 price objective on shares of XPeng in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $22.20.
Read Our Latest Report on XPEV
XPeng Stock Down 6.3 %
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 firm has a market cap of $17.72 billion, a PE ratio of -21.53 and a beta of 2.62. The business's 50 day moving average price is $20.58 and its 200 day moving average price is $15.78.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. On average, equities research analysts expect that XPeng Inc. will post -0.96 earnings per share for the current year.
Institutional Trading of XPeng
A number of large investors have recently made changes to their positions in 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 valued at $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of XPeng by 14.2% in the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock valued at $3,001,000 after purchasing an additional 31,538 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of XPeng in the 4th quarter valued at about $554,000. AI Squared Management Ltd acquired a new position in XPeng during the fourth quarter worth approximately $2,126,000. Finally, Savant Capital LLC purchased a new stake in XPeng in the 4th quarter valued at $229,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.
XPeng Company Profile
(
Get Free Report)
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.
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