XPeng (NYSE:XPEV) Research Coverage Started at Macquarie

Macquarie initiated coverage on shares of XPeng (NYSE:XPEV) in a research report released on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $7.00 price objective on the stock.

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

XPeng Trading Down 3.4 %

Shares of XPeng stock opened at $7.17 on Monday. The firm has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $12.31. The company has a market cap of $6.75 billion, a P/E ratio of -4.27 and a beta of 2.93. XPeng has a fifty-two week low of $6.99 and a fifty-two week high of $23.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

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

Institutional Trading of XPeng

Several hedge funds have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of XPeng by 137.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 228,925 shares of the company’s stock worth $6,089,000 after acquiring an additional 132,487 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of XPeng by 8.3% in the 1st quarter. American Century Companies Inc. now owns 29,681 shares of the company’s stock worth $819,000 after acquiring an additional 2,266 shares during the last quarter. US Bancorp DE lifted its holdings in shares of XPeng by 13.9% in the 1st quarter. US Bancorp DE now owns 6,271 shares of the company’s stock worth $173,000 after acquiring an additional 767 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of XPeng by 37.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,385 shares of the company’s stock worth $507,000 after acquiring an additional 5,021 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of XPeng by 3.2% in the 1st quarter. BlackRock Inc. now owns 20,215,942 shares of the company’s stock worth $557,756,000 after acquiring an additional 619,993 shares during the last quarter. Hedge funds and other institutional investors own 23.05% of the company’s stock.

About XPeng

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.