Brokerages Set XPeng Inc. (NYSE:XPEV) Price Target at $9.42

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) have been given an average rating of "Buy" by the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.42.

Several equities analysts have recently commented on XPEV shares. Macquarie raised XPeng from a "neutral" rating to an "outperform" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upgraded shares of XPeng from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. Bank of America decreased their price objective on shares of XPeng from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Finally, Citigroup dropped their target price on XPeng from $8.30 to $7.60 and set a "neutral" rating for the company in a research report on Wednesday, August 21st.

XPeng Trading Up 3.3 %

Shares of XPEV stock traded up $0.41 on Friday, hitting $12.81. 17,738,064 shares of the stock traded hands, compared to its average volume of 13,366,469. XPeng has a twelve month low of $6.55 and a twelve month high of $18.74. The stock has a market capitalization of $12.07 billion, a PE ratio of -8.66 and a beta of 2.79. The firm's 50-day moving average price is $8.66 and its two-hundred day moving average price is $8.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50.

XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $1.12 billion during the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. As a group, analysts anticipate that XPeng will post -0.95 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis acquired a new position in shares of XPeng during the first quarter worth $38,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company's stock valued at $39,000 after acquiring an additional 2,920 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of XPeng in the 4th quarter valued at about $52,000. Blue Trust Inc. raised its position in shares of XPeng by 2,615.9% during the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company's stock worth $75,000 after acquiring an additional 9,391 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new position in XPeng in the second quarter valued at approximately $78,000. Institutional investors and hedge funds own 23.05% of the company's stock.

About XPeng

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.