XPeng (NYSE:XPEV) Downgraded to Hold Rating by Daiwa America

Daiwa America downgraded shares of XPeng (NYSE:XPEV) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America boosted their target price on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. Sanford C. Bernstein boosted their target price on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, XPeng currently has a consensus rating of “Hold” and an average target price of $21.84.

XPeng Trading Down 7.3 %

NYSE:XPEV opened at $22.07 on Wednesday. The company has a market capitalization of $20.79 billion, a PE ratio of -25.36 and a beta of 2.68. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng has a 52-week low of $6.55 and a 52-week high of $27.16. The stock has a fifty day simple moving average of $18.10 and a 200-day simple moving average of $13.92.

XPeng (NYSE:XPEV) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, equities research analysts expect that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XPEV. EverSource Wealth Advisors LLC increased its position in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after purchasing an additional 898 shares in the last quarter. Avior Wealth Management LLC increased its position in XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC increased its position in XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng during the 4th quarter worth approximately $41,000. Finally, Natixis acquired a new stake in XPeng during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Company Profile

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.