XPeng (NYSE:XPEV) Cut to Hold at Daiwa America

XPeng (NYSE:XPEV) was downgraded by investment analysts at Daiwa America from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Barclays lifted their price target on shares of XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday. Citigroup raised shares of XPeng from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.70 to $29.00 in a research note on Monday, March 10th. UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and lifted their price target for the company from $8.80 to $18.00 in a research note on Monday, February 24th. Daiwa Capital Markets reaffirmed a “neutral” rating and set a $24.00 price target on shares of XPeng in a research note on Wednesday. Finally, Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.84.

XPeng Stock Down 7.3 %

Shares of NYSE:XPEV opened at $22.07 on Wednesday. XPeng has a 1 year low of $6.55 and a 1 year high of $27.16. The business has a 50 day simple moving average of $18.10 and a two-hundred day simple moving average of $13.92. The firm has a market capitalization of $20.79 billion, a PE ratio of -25.36 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18.

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

Hedge Funds Weigh In On XPeng

A number of large investors have recently bought and sold shares of XPEV. EverSource Wealth Advisors LLC increased its position in shares of XPeng by 55.8% during the fourth 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 shares of XPeng by 1,215.2% during the fourth 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 shares of XPeng by 50.7% during the fourth 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 position in shares of XPeng during the fourth quarter worth $41,000. Finally, Natixis acquired a new position in shares of XPeng during the fourth quarter worth $43,000. Institutional investors 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.