XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $12.70 and last traded at $12.7590, with a volume of 370121 shares changing hands. The stock had previously closed at $13.35.
Analyst Ratings Changes
A number of research analysts recently issued reports on XPEV shares. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Barclays decreased their price objective on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday, March 24th. Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a research note on Monday, April 20th. Finally, BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, XPENG currently has an average rating of “Hold” and an average target price of $25.51.
View Our Latest Research Report on XPEV
XPENG Price Performance
XPENG (NYSE:XPEV – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. As a group, equities research analysts forecast that XPENG Inc. Sponsored ADR will post -0.35 earnings per share for the current year.
Institutional Trading of XPENG
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of XPENG by 161.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after purchasing an additional 1,582 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of XPENG by 16.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares during the period. Kickstand Ventures LLC. bought a new stake in shares of XPENG during the fourth quarter worth approximately $202,000. Parallel Advisors LLC raised its stake in shares of XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after buying an additional 584 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after buying an additional 6,571 shares during the period. 21.09% of the stock is owned by institutional investors.
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.
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