XPeng Inc. (NYSE:XPEV) Receives $11.69 Average Target Price from Brokerages

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) have received an average rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.69.

A number of brokerages have recently commented on XPEV. Sanford C. Bernstein boosted their price target on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group downgraded XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. Citigroup lowered their price target on XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a research report on Wednesday, November 20th. China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective on the stock in a research report on Friday, November 22nd. Finally, Macquarie raised shares of XPeng from a "neutral" rating to an "outperform" rating in a report on Friday, August 30th.

Institutional Trading of XPeng

A number of institutional investors have recently made changes to their positions in XPEV. Greenleaf Trust raised its holdings in shares of XPeng by 16.2% during the third quarter. Greenleaf Trust now owns 16,068 shares of the company's stock valued at $196,000 after purchasing an additional 2,243 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in XPeng by 24.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company's stock valued at $163,000 after buying an additional 2,609 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in XPeng during the 3rd quarter valued at $45,000. Signaturefd LLC lifted its holdings in shares of XPeng by 19.4% during the 2nd quarter. Signaturefd LLC now owns 24,647 shares of the company's stock valued at $181,000 after buying an additional 4,002 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of XPeng by 32.8% in the 3rd quarter. Ballentine Partners LLC now owns 17,542 shares of the company's stock worth $214,000 after buying an additional 4,335 shares during the last quarter. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Stock Up 1.8 %

NYSE XPEV traded up $0.23 during trading hours on Thursday, reaching $12.71. 6,493,897 shares of the company's stock traded hands, compared to its average volume of 13,494,288. XPeng has a 52-week low of $6.55 and a 52-week high of $15.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $9.82. The firm has a market cap of $11.97 billion, a PE ratio of -14.61 and a beta of 2.76.

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.