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

Shares of XPeng Inc. (NYSE:XPEV) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.91.

Several equities research analysts have recently commented on XPEV shares. Citigroup reduced their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. Sanford C. Bernstein boosted their target price on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. Macquarie reiterated a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. Finally, China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd.

XPeng Stock Down 1.1 %

Shares of NYSE:XPEV opened at $16.91 on Friday. XPeng has a 52 week low of $6.55 and a 52 week high of $17.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company’s fifty day moving average is $13.46 and its 200-day moving average is $11.30. The company has a market capitalization of $15.92 billion, a PE ratio of -19.43 and a beta of 2.77.

Institutional Trading of XPeng

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. Atomi Financial Group Inc. bought a new stake in XPeng during the 3rd quarter worth about $129,000. Creative Planning raised its holdings in XPeng by 20.3% during the 3rd quarter. Creative Planning now owns 39,725 shares of the company’s stock worth $484,000 after purchasing an additional 6,704 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in XPeng during the 3rd quarter worth about $45,000. Sequoia Financial Advisors LLC raised its holdings in XPeng by 24.3% during the 3rd 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 last quarter. Finally, Greenleaf Trust increased its stake in shares of XPeng by 16.2% in 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 last quarter. 21.09% of the stock is owned by institutional investors.

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.