XPeng Inc. (NYSE:XPEV) Receives Average Rating of "Moderate Buy" from Analysts

XPeng Inc. (NYSE:XPEV - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.91.

Several equities analysts have commented on XPEV shares. UBS Group restated a "sell" rating and issued a $8.80 price target (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Macquarie restated a "neutral" rating and issued a $18.00 price target on shares of XPeng in a research note on Friday. The Goldman Sachs Group downgraded shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. Citigroup lowered their target price on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a research note on Wednesday, November 20th. Finally, China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price for the company in a research note on Friday, November 22nd.

Institutional Investors Weigh In On XPeng

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in XPeng in the fourth quarter valued at $554,000. EverSource Wealth Advisors LLC lifted its position in XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after acquiring an additional 898 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock valued at $170,000 after acquiring an additional 1,027 shares during the last quarter. HighTower Advisors LLC lifted its position in XPeng by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 14,507 shares of the company's stock valued at $171,000 after acquiring an additional 3,102 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in XPeng by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock valued at $154,000 after acquiring an additional 716 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Stock Down 2.1 %

Shares of NYSE:XPEV traded down $0.36 during trading on Friday, hitting $16.58. The company's stock had a trading volume of 12,280,269 shares, compared to its average volume of 10,564,332. The business has a 50 day moving average price of $13.46 and a two-hundred day moving average price of $11.32. The company has a market capitalization of $15.61 billion, a PE ratio of -19.05 and a beta of 2.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $17.70.

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.