Daiwa Capital Markets Reiterates “Neutral” Rating for XPeng (NYSE:XPEV)

Daiwa Capital Markets restated their neutral rating on shares of XPeng (NYSE:XPEV) in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has a $24.00 price objective on the stock.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. Nomura raised shares of XPeng from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $30.00 in a research note on Wednesday. Bank of America increased their price target on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein boosted their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.84.

XPeng Stock Performance

Shares of XPEV opened at $21.81 on Wednesday. XPeng has a 1 year low of $6.55 and a 1 year high of $27.16. The stock has a market capitalization of $20.54 billion, a P/E ratio of -25.06 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company’s fifty day moving average is $18.29 and its two-hundred day moving average is $14.02.

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

Institutional Investors Weigh In On XPeng

A number of large investors have recently bought and sold shares of the stock. TMT General Partner Ltd acquired a new position in shares of XPeng in the fourth quarter worth $205,501,000. Alibaba Group Holding Ltd increased its position in XPeng by 21.2% during the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock worth $448,678,000 after purchasing an additional 6,650,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after purchasing an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in XPeng in the 3rd quarter valued at about $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of XPeng by 947.5% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock worth $20,800,000 after purchasing an additional 1,591,750 shares during the last quarter. 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.