XPENG (NYSE:XPEV) Downgraded by Wall Street Zen to Sell
by Scott Moore · The Cerbat GemWall Street Zen downgraded shares of XPENG (NYSE:XPEV – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday.
A number of other research firms also recently issued reports on XPEV. Loop Capital set a $25.00 target price on shares of XPENG in a report on Tuesday, January 6th. Barclays reduced their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th. Morgan Stanley reaffirmed a “reduce” rating on shares of XPENG in a research report on Monday, December 29th. Citigroup reaffirmed a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Finally, Macquarie Infrastructure set a $26.00 price target on shares of XPENG and gave the company an “outperform” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.74.
Get Our Latest Research Report on XPENG
XPENG Price Performance
XPENG stock opened at $16.65 on Friday. XPENG has a 1 year low of $15.38 and a 1 year high of $28.24. The firm has a 50 day moving average price of $17.83 and a 200 day moving average price of $19.70. The company has a market cap of $15.80 billion, a price-to-earnings ratio of -97.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 1.09.
XPENG (NYSE:XPEV – Get Free Report) last released its earnings results on Sunday, February 15th. The company reported $0.04 earnings per share (EPS) for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. The firm had revenue of $3.18 billion during the quarter. Sell-side analysts predict that XPENG will post -0.16 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of XPEV. SG Americas Securities LLC lifted its position in XPENG by 356.9% during the third quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock valued at $25,550,000 after buying an additional 1,515,591 shares in the last quarter. DNB Asset Management AS acquired a new position in shares of XPENG during the fourth quarter worth $2,325,000. Abacus Wealth Partners LLC acquired a new position in shares of XPENG during the fourth quarter worth $1,060,000. Ameriprise Financial Inc. lifted its position in shares of XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after purchasing an additional 28,983 shares in the last quarter. Finally, BNP Paribas acquired a new position in shares of XPENG during the third quarter worth $345,000. 21.09% of the stock is owned by institutional investors and hedge funds.
XPENG Company Profile
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.