JPMorgan Chase & Co. Has Lowered Expectations for XPeng (NYSE:XPEV) Stock Price

XPeng (NYSE:XPEV - Get Free Report) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $35.00 to $31.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 42.17% from the company's current price.

Other analysts have also issued research reports about the stock. UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Macquarie reissued a "neutral" rating and issued a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Bank of America upped their price target on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday. Sanford C. Bernstein upped their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. Finally, China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.84.

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XPeng Stock Down 1.2 %

Shares of XPEV stock traded down $0.27 during trading on Wednesday, reaching $21.81. The company's stock had a trading volume of 12,586,942 shares, compared to its average volume of 13,199,864. The business has a fifty day moving average price of $18.29 and a 200-day moving average price of $14.09. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The company has a market cap of $20.54 billion, a price-to-earnings ratio of -25.06 and a beta of 2.68. XPeng has a one year low of $6.55 and a one year high of $27.16.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. Analysts anticipate that XPeng will post -0.96 earnings per share for the current year.

Hedge Funds Weigh In On XPeng

Several institutional investors and hedge funds have recently modified their holdings of XPEV. EverSource Wealth Advisors LLC increased its holdings in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after purchasing an additional 2,564 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of XPeng in the fourth quarter valued at about $41,000. Finally, Natixis acquired a new position in shares of XPeng in the fourth quarter valued at about $43,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Company Profile

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.