Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $18.85, but opened at $18.06. XPeng shares last traded at $18.11, with a volume of 1,230,024 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on XPEV. Nomura Securities upgraded XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. Bank of America upped their price objective on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $16.40 to $24.00 in a report on Tuesday, June 17th. Sanford C. Bernstein set a $19.00 price objective on shares of XPeng and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Finally, Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, XPeng has a consensus rating of "Moderate Buy" and an average target price of $23.73.
View Our Latest Stock Report on XPEV
XPeng Trading Up 0.6%
The stock's fifty day moving average price is $19.45 and its 200 day moving average price is $18.30. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The stock has a market cap of $17.10 billion, a PE ratio of -24.03 and a beta of 2.51.
XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($1.51) by $1.41. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $15.80 billion. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. On average, sell-side analysts forecast that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in XPeng by 70.1% during the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after purchasing an additional 532 shares during the period. PNC Financial Services Group Inc. lifted its position in XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock valued at $154,000 after purchasing an additional 716 shares during the period. EverSource Wealth Advisors LLC raised its position in XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after acquiring an additional 898 shares during the period. Quadrant Capital Group LLC raised its position in XPeng by 3.9% in the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock worth $286,000 after acquiring an additional 913 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock worth $170,000 after acquiring an additional 1,027 shares during the period. Institutional investors own 21.09% of the company's stock.
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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