XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Consensus Recommendation of “Hold” by Brokerages

XPENG Inc. Sponsored ADR (NYSE:XPEV) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.5111.

A number of analysts have issued reports on the stock. BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Barclays cut their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 24th. Jefferies Financial Group reiterated a “buy” rating and set a $25.20 price target on shares of XPENG in a research note on Friday, May 29th. Bank of America reissued a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in XPENG by 16.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after acquiring an additional 389 shares in the last quarter. Parallel Advisors LLC grew its holdings in XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after acquiring an additional 584 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in XPENG by 7.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after acquiring an additional 1,186 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares in the last quarter. Finally, BNP Paribas grew its holdings in XPENG by 10.8% during the 4th quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $332,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Price Performance

Shares of NYSE:XPEV opened at $12.09 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a market capitalization of $11.47 billion, a PE ratio of -35.56 and a beta of 1.12. The firm’s 50-day moving average is $15.58 and its two-hundred day moving average is $17.57. XPENG has a 1 year low of $11.77 and a 1 year high of $28.24.

XPENG (NYSE:XPEV) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. Analysts predict that XPENG will post -0.35 EPS for the current year.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.