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

XPeng Inc. (NYSE:XPEV) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.93.

XPEV has been the topic of several research analyst reports. Macquarie restated a “neutral” rating and set a $18.00 target price on shares of XPeng in a report on Friday, February 7th. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and increased their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a report on Thursday, November 21st. Sanford C. Bernstein increased their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Finally, Citigroup decreased their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th.

Hedge Funds Weigh In On XPeng

Several hedge funds have recently added to or reduced their stakes in XPEV. TMT General Partner Ltd acquired a new position in XPeng in the fourth quarter valued at about $205,501,000. Alibaba Group Holding Ltd lifted its stake in XPeng by 21.2% in the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock valued at $448,678,000 after buying an additional 6,650,000 shares during the period. JPMorgan Chase & Co. lifted its stake in XPeng by 1,138.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after buying an additional 4,227,055 shares during the period. Point72 Hong Kong Ltd acquired a new position in XPeng in the third quarter valued at about $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in XPeng by 947.5% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock valued at $20,800,000 after buying an additional 1,591,750 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Price Performance

Shares of XPEV stock opened at $20.26 on Tuesday. The stock’s fifty day moving average is $15.22 and its 200-day moving average is $12.55. 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 stock has a market capitalization of $19.08 billion, a PE ratio of -23.29 and a beta of 2.77. XPeng has a 52 week low of $6.55 and a 52 week high of $22.80.

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.