XPeng (NYSE:XPEV) Research Coverage Started at Macquarie

Macquarie started coverage on shares of XPeng (NYSE:XPEV) in a research report sent to investors on Monday, Marketbeat reports. The firm issued a neutral rating and a $7.00 price target on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of XPeng from $19.00 to $9.00 and set a neutral rating for the company in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $17.48.

XPeng Stock Performance

Shares of NYSE XPEV opened at $7.17 on Monday. The company has a market cap of $6.75 billion, a PE ratio of -4.27 and a beta of 2.93. XPeng has a 12 month low of $6.99 and a 12 month high of $23.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The company has a 50-day simple moving average of $8.70 and a 200-day simple moving average of $12.31.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The firm had revenue of $1.84 billion for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. On average, equities analysts anticipate that XPeng will post -1.25 earnings per share for the current year.

Institutional Investors Weigh In On XPeng

A number of institutional investors have recently bought and sold shares of XPEV. Compagnie Lombard Odier SCmA grew its holdings in XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in XPeng in the first quarter valued at approximately $28,000. Scarborough Advisors LLC purchased a new stake in XPeng in the fourth quarter valued at approximately $52,000. Lindbrook Capital LLC grew its holdings in XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after purchasing an additional 781 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in XPeng in the fourth quarter valued at approximately $58,000. 23.05% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.