Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $21.39, but opened at $20.41. XPeng shares last traded at $21.04, with a volume of 3,344,551 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Macquarie reiterated a "neutral" rating and issued a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the stock a "market perform" rating in a research report on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and upped their target price for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. One equities 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.20.
View Our Latest Analysis on XPeng
XPeng Price Performance
The company's 50 day simple moving average is $19.05 and its 200 day simple moving average is $14.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The stock has a market cap of $18.56 billion, a P/E ratio of -22.65 and a beta of 2.68.
XPeng (NYSE:XPEV - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.36) by $1.17. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. As a group, equities analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current year.
Institutional Investors Weigh In On XPeng
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alibaba Group Holding Ltd boosted its stake in XPeng by 21.2% in the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock worth $448,678,000 after purchasing an additional 6,650,000 shares during the period. TMT General Partner Ltd acquired a new position in shares of XPeng during the fourth quarter worth about $205,501,000. JPMorgan Chase & Co. grew its holdings in shares of XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after buying an additional 4,227,055 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in XPeng in the 3rd quarter valued at approximately $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in XPeng by 947.5% in 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 valued at $20,800,000 after acquiring an additional 1,591,750 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.
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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