XPeng Inc. (NYSE:XPEV - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $22.25, but opened at $21.29. XPeng shares last traded at $20.78, with a volume of 4,538,158 shares trading hands.
Analyst Ratings Changes
Several research firms recently weighed in on XPEV. UBS Group raised XPeng from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Daiwa Capital Markets reissued a "neutral" rating and set a $24.00 price target on shares of XPeng in a report on Wednesday, March 19th. Citigroup raised XPeng from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.70 to $29.00 in a report on Monday, March 10th. Barclays lifted their price target on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. Finally, Bank of America lifted their price target on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.29.
Check Out Our Latest Research Report on XPeng
XPeng Price Performance
The company has a fifty day simple moving average of $19.77 and a two-hundred day simple moving average of $16.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of -22.34 and a beta of 2.64.
XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.51) by $1.41. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. As a group, equities research analysts expect that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.
Hedge Funds Weigh In On XPeng
Several hedge funds and other institutional investors have recently modified their holdings of the business. Alibaba Group Holding Ltd increased its stake 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 valued at $448,678,000 after purchasing an additional 6,650,000 shares during the last quarter. TMT General Partner Ltd increased its stake in shares of XPeng by 88.2% in the 1st quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock valued at $678,099,000 after purchasing an additional 15,340,907 shares during the last quarter. BNP Paribas Financial Markets grew its position in XPeng by 567.4% during the 1st quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock worth $109,959,000 after acquiring an additional 4,511,751 shares during the last quarter. JPMorgan Chase & Co. grew its position in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after acquiring an additional 4,227,055 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 worth $20,800,000 after acquiring an additional 1,591,750 shares during the last quarter. Institutional investors own 21.09% of the company's stock.
XPeng Company Profile
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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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