XPeng Inc. (NYSE:XPEV) Given Consensus Rating of "Hold" by Brokerages

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.20.

A number of research analysts have issued reports on XPEV shares. 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. Bank of America boosted their price target on shares of XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price objective on shares of XPeng and gave the stock a "market perform" rating in a research note on Wednesday, March 19th. Macquarie reiterated a "neutral" rating and issued a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Finally, Nomura Securities upgraded XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th.

XPeng Price Performance

Shares of XPeng stock opened at $19.08 on Wednesday. XPeng has a twelve month low of $6.60 and a twelve month high of $27.16. 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 firm has a market cap of $18.11 billion, a P/E ratio of -21.93 and a beta of 2.62. The firm's 50-day simple moving average is $20.33 and its 200-day simple moving average is $15.55.

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

Institutional Trading of XPeng

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 4,227,055 shares during the last quarter. Van ECK Associates Corp boosted its stake in XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock valued at $3,001,000 after acquiring an additional 31,538 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in XPeng during the 4th quarter worth $554,000. AI Squared Management Ltd bought a new stake in shares of XPeng during the 4th quarter valued at $2,126,000. Finally, Savant Capital LLC bought a new stake in shares of XPeng during the 4th quarter valued at $229,000. 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.

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