XPeng (NYSE:XPEV) Lowered to "Hold" Rating by Daiwa America

XPeng (NYSE:XPEV - Get Free Report) was downgraded by equities research analysts at Daiwa America from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

XPEV has been the topic of a number of other research reports. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and lifted their price target for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. The Goldman Sachs Group lowered shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and increased their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Nomura Securities upgraded XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Daiwa Capital Markets reiterated a "neutral" rating and set a $24.00 price objective on shares of XPeng in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $21.84.

XPeng Trading Down 2.0 %

XPeng stock traded down $0.43 during mid-day trading on Wednesday, hitting $20.96. 10,673,930 shares of the company's stock were exchanged, compared to its average volume of 13,192,745. The company's 50 day simple moving average is $18.48 and its 200-day simple moving average is $14.18. 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 firm has a market capitalization of $19.74 billion, a P/E ratio of -24.09 and a beta of 2.68. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $27.16.

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XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates 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. On average, equities analysts anticipate that XPeng will post -0.96 earnings per share for the current year.

Institutional Investors Weigh In On XPeng

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alibaba Group Holding Ltd grew its stake in shares of XPeng by 21.2% in the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock valued at $448,678,000 after buying an additional 6,650,000 shares in the last quarter. TMT General Partner Ltd acquired a new stake in XPeng in the fourth quarter valued at $205,501,000. JPMorgan Chase & Co. grew its position 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 acquiring an additional 4,227,055 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of XPeng during the 3rd quarter worth about $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 purchasing an additional 1,591,750 shares during the last quarter. Institutional investors own 21.09% of the company's stock.

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.