Brokerages Set XPeng Inc. (NYSE:XPEV) Price Target at $22.20

XPeng Inc. (NYSE:XPEV - Get Free Report) has received a consensus rating of "Hold" from the thirteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.20.

A number of analysts recently issued reports on the company. Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and raised their target price for the stock from $14.00 to $30.00 in a report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 target price on shares of XPeng and gave the stock a "market perform" rating in a research note on Wednesday, March 19th. Citigroup raised XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. Daiwa Capital Markets reissued a "neutral" rating and issued a $24.00 target price on shares of XPeng in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their price target on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XPEV. EverSource Wealth Advisors LLC lifted its stake in XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after acquiring an additional 2,564 shares during the period. Lindbrook Capital LLC increased its holdings in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after acquiring an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in XPeng in the 4th quarter valued at $41,000. Finally, Natixis bought a new stake in XPeng in the 4th quarter valued at $43,000. Institutional investors own 21.09% of the company's stock.

XPeng Trading Up 0.9 %

XPeng stock traded up $0.20 during mid-day trading on Friday, hitting $21.16. The stock had a trading volume of 4,687,484 shares, compared to its average volume of 12,479,423. The stock has a 50-day simple moving average of $19.30 and a two-hundred day simple moving average of $14.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng has a 12 month low of $6.55 and a 12 month high of $27.16. The stock has a market capitalization of $19.93 billion, a PE ratio of -24.33 and a beta of 2.68.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.36) by $1.17. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, sell-side analysts forecast that XPeng will post -0.96 EPS for the current year.

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.