XPeng Inc. (NYSE:XPEV) Given Average Rating of “Moderate Buy” by Analysts

Shares of XPeng Inc. (NYSE:XPEV) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.69.

XPEV has been the subject of a number of research analyst reports. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research report on Friday, November 22nd. Sanford C. Bernstein upped their target price 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. Citigroup dropped their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a report on Thursday, November 21st. Finally, UBS Group reaffirmed a “sell” rating and set a $8.80 target price (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th.

Institutional Investors Weigh In On XPeng

Several hedge funds and other institutional investors have recently bought and sold shares of XPEV. Avior Wealth Management LLC increased its position in XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares during the last quarter. Lindbrook Capital LLC increased its position in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng during the fourth quarter worth about $41,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of XPeng during the third quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA increased its position in shares of XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Performance

NYSE:XPEV opened at $17.06 on Friday. 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 has a fifty day moving average of $13.26 and a two-hundred day moving average of $11.18. The stock has a market capitalization of $16.07 billion, a PE ratio of -19.60 and a beta of 2.77. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $17.40.

XPeng Company Profile

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.