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
Several brokerages have recently commented on XPEV. Macquarie restated a "neutral" rating and set a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. Barclays raised their target price on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, March 20th. Sanford C. Bernstein set a $18.00 price target on shares of XPeng and gave the stock a "market perform" rating in a research report on Wednesday, March 19th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $14.00 to $30.00 in a report on Wednesday, March 19th. Finally, UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and upped their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.20.
Read Our Latest Stock Report on XPEV
XPeng Price Performance
The stock has a 50-day moving average price of $19.05 and a two-hundred day moving average price of $14.47. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of -22.65 and a beta of 2.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.
XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share 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 return on equity of 16.92% and a negative net margin of 15.35%. As a group, equities research analysts forecast that XPeng Inc. will post -0.96 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. EverSource Wealth Advisors LLC increased its position in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after acquiring an additional 898 shares during the period. 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 period. 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 period. Golden State Wealth Management LLC purchased a new position in shares of XPeng in the fourth quarter worth about $41,000. Finally, Natixis acquired a new stake in shares of XPeng during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 21.09% of the company's stock.
XPeng Company Profile
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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.
Further Reading
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