XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) shares were down 3.9% on Thursday . The stock traded as low as $18.50 and last traded at $18.46. Approximately 2,047,266 shares were traded during trading, a decline of 81% from the average daily volume of 10,512,620 shares. The stock had previously closed at $19.20.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on XPEV shares. Sanford C. Bernstein set a $19.00 price objective on XPeng and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Nomura Securities raised XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Daiwa America lowered XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, March 19th. Finally, Citigroup raised XPeng from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.73.
Read Our Latest Research Report on XPEV
XPeng Trading Down 6.6%
The firm has a market cap of $17.02 billion, a price-to-earnings ratio of -23.91 and a beta of 2.58. The company has a 50-day moving average price of $19.63 and a 200 day moving average price of $17.92. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 0.34.
XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($1.51) by $1.41. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. As a group, research analysts anticipate that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.
Institutional Trading of XPeng
A number of institutional investors have recently bought and sold shares of the company. Alibaba Group Holding Ltd boosted its position in XPeng by 21.2% during the fourth 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 boosted its position in XPeng by 88.2% during the first 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 boosted its position in XPeng by 567.4% during the first quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock valued at $109,959,000 after purchasing an additional 4,511,751 shares during the last quarter. JPMorgan Chase & Co. boosted its position in XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after purchasing an additional 4,227,055 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in XPeng by 947.5% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock valued at $20,800,000 after purchasing an additional 1,591,750 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.
About XPeng
(
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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