XPeng Inc. (NYSE:XPEV) Given Average Recommendation of “Moderate Buy” by Brokerages

XPeng Inc. (NYSE:XPEV) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.69.

Several research analysts have recently weighed in on the company. 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 note on Wednesday, November 20th. Citigroup decreased their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research report on Wednesday, November 20th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. China Renaissance upgraded 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, UBS Group restated a “sell” rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th.

XPeng Price Performance

Shares of XPEV opened at $12.21 on Monday. XPeng has a twelve month low of $6.55 and a twelve month high of $15.68. The company has a market capitalization of $11.50 billion, a P/E ratio of -14.03 and a beta of 2.74. The firm has a 50 day moving average of $12.62 and a 200 day moving average of $10.38. 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 have recently bought and sold shares of XPEV. Greenleaf Trust grew its stake in shares of XPeng by 16.2% during the 3rd quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock valued at $196,000 after acquiring an additional 2,243 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of XPeng by 24.3% in the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock worth $163,000 after purchasing an additional 2,609 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of XPeng in the third quarter worth $45,000. Ballentine Partners LLC raised its position in shares of XPeng by 32.8% during the 3rd quarter. Ballentine Partners LLC now owns 17,542 shares of the company’s stock valued at $214,000 after purchasing an additional 4,335 shares during the period. Finally, US Bancorp DE lifted its stake in shares of XPeng by 6.3% during the 3rd quarter. US Bancorp DE now owns 73,957 shares of the company’s stock valued at $901,000 after buying an additional 4,412 shares in the last quarter. Institutional investors own 21.09% of the company’s stock.

XPeng Company Profile

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.