Analysts Set XPeng Inc. (NYSE:XPEV) PT at $12.05

XPeng Inc. (NYSE:XPEV) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.05.

A number of brokerages have weighed in on XPEV. Citigroup decreased 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. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research report on Thursday, November 21st. Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. Bank of America reduced their price target on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research report on Friday, November 22nd.

Institutional Investors Weigh In On XPeng

Large investors have recently bought and sold shares of the business. Greenleaf Trust boosted its holdings in XPeng by 16.2% in the third quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock worth $196,000 after purchasing an additional 2,243 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock worth $163,000 after buying an additional 2,609 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of XPeng by 122.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after acquiring an additional 2,920 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in XPeng during the third quarter valued at $45,000. Finally, Signaturefd LLC lifted its holdings in XPeng by 19.4% in the second quarter. Signaturefd LLC now owns 24,647 shares of the company’s stock valued at $181,000 after acquiring an additional 4,002 shares during the period. 23.05% of the stock is currently owned by institutional investors.

XPeng Stock Down 2.0 %

Shares of XPeng stock opened at $11.39 on Friday. XPeng has a 1 year low of $6.55 and a 1 year high of $18.25. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of -13.09 and a beta of 2.80. The company has a 50-day moving average of $11.91 and a 200 day moving average of $9.35. 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.