XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report)’s stock price reached a new 52-week low on Thursday . The company traded as low as $11.52 and last traded at $11.5750, with a volume of 1040868 shares trading hands. The stock had previously closed at $11.75.
Analysts Set New Price Targets
Several analysts have issued reports on XPEV shares. Bank of America restated a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Weiss Ratings cut shares of XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Jefferies Financial Group reissued a “buy” rating and issued a $25.20 target price on shares of XPENG in a research report on Friday, May 29th. Finally, Barclays cut their price target on shares of XPENG from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.40.
Get Our Latest Analysis on XPENG
XPENG Stock Down 0.6%
XPENG (NYSE:XPEV – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. As a group, sell-side analysts anticipate that XPENG Inc. Sponsored ADR will post -0.39 earnings per share for the current year.
Institutional Trading of XPENG
A number of hedge funds have recently made changes to their positions in XPEV. Farther Finance Advisors LLC boosted its holdings in shares of XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares during the period. EverSource Wealth Advisors LLC increased its stake in XPENG by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after buying an additional 1,212 shares during the period. Kickstand Ventures LLC. acquired a new position in XPENG in the 4th quarter valued at approximately $202,000. Parallel Advisors LLC lifted its position in XPENG by 6.0% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after buying an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in XPENG by 66.3% in the 1st quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock worth $282,000 after buying an additional 6,571 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.
XPENG Company Profile
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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