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

Shares of XPeng Inc. (NYSE:XPEV) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.91.

XPEV has been the subject of a number of analyst reports. Sanford C. Bernstein upped their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. UBS Group restated a “sell” rating and set a $8.80 target price (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a report on Thursday, November 21st. Citigroup lowered their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. Finally, China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd.

XPeng Stock Down 0.7 %

Shares of NYSE:XPEV opened at $15.92 on Friday. XPeng has a 52-week low of $6.55 and a 52-week high of $17.70. The stock has a market cap of $15.00 billion, a P/E ratio of -18.30 and a beta of 2.77. The business’s 50 day moving average is $13.66 and its 200 day moving average is $11.46. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

Institutional Trading of XPeng

Several hedge funds and other institutional investors have recently made changes to their positions in XPEV. EverSource Wealth Advisors LLC lifted its holdings in shares of XPeng by 55.8% during 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 raised its stake in XPeng by 1,215.2% in 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 last quarter. Lindbrook Capital LLC raised its stake in XPeng by 50.7% in 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 purchased a new position in XPeng in the 4th quarter worth $41,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in XPeng in the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

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.