Daiwa America Downgrades XPeng (NYSE:XPEV) to Hold

Daiwa America cut shares of XPeng (NYSE:XPEV) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on XPEV. The Goldman Sachs Group cut 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. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $30.00 in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Nomura Securities raised XPeng to a “strong-buy” rating in a research report on Tuesday. One 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.84.

XPeng Stock Down 7.3 %

NYSE XPEV opened at $22.07 on Wednesday. The stock has a market cap of $20.79 billion, a PE ratio of -25.36 and a beta of 2.68. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. The business has a 50 day moving average price of $18.10 and a two-hundred day moving average price of $13.92. 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 (NYSE:XPEV) last released 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 firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations 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, sell-side analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

Institutional Trading of XPeng

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 898 shares in the last quarter. Avior Wealth Management LLC boosted its stake in XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its stake in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng in the 4th quarter valued at $41,000. Finally, Natixis acquired a new stake in XPeng in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPeng

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.