Brokerages Set XPeng Inc. (NYSE:XPEV) Target Price at $11.69

XPeng Inc. (NYSE:XPEV - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.69.

A number of research analysts have recently commented on the company. Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. UBS Group reissued a "sell" rating and set a $8.80 price objective (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price on the stock in a report on Friday, November 22nd. The Goldman Sachs Group lowered 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. Finally, Citigroup lowered their target price 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

Institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new position in XPeng in the 3rd quarter valued at $6,233,000. FMR LLC raised its position in XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company's stock valued at $3,941,000 after purchasing an additional 295,536 shares during the last quarter. Renaissance Technologies LLC bought a new position in XPeng in the 2nd quarter valued at $1,006,000. Point72 Hong Kong Ltd bought a new position in XPeng in the 3rd quarter valued at $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd raised its position in XPeng by 36.0% in the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company's stock valued at $4,969,000 after purchasing an additional 108,000 shares during the last quarter. Institutional investors own 21.09% of the company's stock.

XPeng Stock Down 3.3 %

Shares of NYSE XPEV traded down $0.40 during mid-day trading on Monday, reaching $11.82. 7,211,218 shares of the company traded hands, compared to its average volume of 11,216,589. 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 cap of $11.13 billion, a PE ratio of -13.59 and a beta of 2.74. The company's fifty day moving average is $12.62 and its two-hundred day moving average is $10.38. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $15.68.

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.