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

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

Several equities analysts have recently commented on XPEV shares. 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 report on Wednesday, November 20th. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research report on Friday, November 22nd. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a report on Thursday, November 21st. UBS Group reissued a “sell” rating and set a $8.80 price target (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. Finally, Citigroup reduced their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th.

XPeng Stock Up 2.0 %

Shares of NYSE XPEV opened at $14.15 on Monday. The stock has a market capitalization of $13.32 billion, a P/E ratio of -16.26 and a beta of 2.74. The stock’s fifty day moving average is $12.61 and its 200 day moving average is $10.56. 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 quick ratio of 1.18 and a current ratio of 1.37.

Institutional Trading of XPeng

A number of hedge funds have recently made changes to their positions in XPEV. Avior Wealth Management LLC increased its stake in shares of XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of XPeng during the third quarter valued at $45,000. Venturi Wealth Management LLC acquired a new position in shares of XPeng during the third quarter worth $110,000. Atomi Financial Group Inc. bought a new stake in shares of XPeng in the third quarter worth $129,000. Finally, Sequoia Financial Advisors LLC raised its position 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. 21.09% of the stock is owned by institutional investors and hedge funds.

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.