XPeng Inc. (NYSE:XPEV) Given Average Recommendation of "Moderate Buy" by Analysts

XPeng Inc. (NYSE:XPEV - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $11.69.

XPEV has been the topic of a number of analyst reports. China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group downgraded shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price on the stock. in a research note on Thursday, November 21st. UBS Group reissued a "sell" rating and set a $8.80 price target (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Sanford C. Bernstein raised their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. Finally, Citigroup lowered their price objective 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of XPeng during the second quarter valued at approximately $1,006,000. Primecap Management Co. CA lifted its position in XPeng by 5.6% during the second quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company's stock valued at $120,369,000 after buying an additional 872,160 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of XPeng during the 2nd quarter valued at $2,199,000. Sei Investments Co. grew its position in shares of XPeng by 15.7% in the 2nd quarter. Sei Investments Co. now owns 149,710 shares of the company's stock worth $1,097,000 after buying an additional 20,310 shares during the period. Finally, DRW Securities LLC increased its stake in shares of XPeng by 135.1% in the 2nd quarter. DRW Securities LLC now owns 82,524 shares of the company's stock worth $604,000 after acquiring an additional 47,423 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Trading Up 6.0 %

NYSE XPEV traded up $0.78 during trading on Monday, hitting $13.83. 13,313,978 shares of the company's stock traded hands, compared to its average volume of 11,138,352. The stock has a fifty day moving average of $12.62 and a two-hundred day moving average of $10.47. XPeng has a 12-month low of $6.55 and a 12-month high of $15.68. The firm has a market cap of $13.03 billion, a P/E ratio of -15.90 and a beta of 2.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18.

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.