XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $14.42 and last traded at $14.07, with a volume of 613348 shares. The stock had previously closed at $14.86.
Analyst Ratings Changes
Several equities analysts have recently issued reports on XPEV shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating and issued a $25.20 price objective on shares of XPENG in a research report on Friday, May 29th. Bank of America restated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. BNP Paribas Exane lowered XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.36.
Check Out Our Latest Stock Report on XPENG
XPENG Trading Up 0.2%
XPENG (NYSE:XPEV – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. On average, equities research analysts anticipate that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On XPENG
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS purchased a new stake in shares of XPENG during the 4th quarter valued at approximately $2,325,000. SG Americas Securities LLC grew its stake in XPENG by 7.1% in the 4th quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock valued at $23,695,000 after buying an additional 77,476 shares in the last quarter. Abacus Wealth Partners LLC purchased a new position in XPENG in the 4th quarter valued at approximately $1,060,000. Ameriprise Financial Inc. raised its holdings in XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after acquiring an additional 28,983 shares during the period. Finally, BNP Paribas bought a new stake in XPENG during the 3rd quarter valued at $345,000. Institutional investors own 21.09% of the company’s stock.
About XPENG
XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.
Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.
Recommended Stories
- Five stocks we like better than XPENG
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for XPENG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPENG and related companies with MarketBeat.com's FREE daily email newsletter.
