XPENG Inc. Sponsored ADR (NYSE:XPEV) Stock Has Consensus Price Target of $22.09

Key Points

• Analyst sentiment is mixed: Eleven analysts have a consensus “Hold” rating on XPENG, with four sells, two holds, four buys and one strong buy. The average 12-month price target is $22.09.
• Recent broker actions have been cautious, including JPMorgan downgrading the stock to “Neutral” and cutting its target to $11.50, while UBS began coverage with a “Neutral” rating and a $12.00 target.
• XPENG shares opened at $9.46, near their 52-week low of $9.44 and below both the 50-day and 200-day moving averages; institutional investors and hedge funds own 21.09% of the stock.

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) have been given an average recommendation of "Hold" by the eleven analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.09.

XPEV has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded XPENG from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $24.00 to $11.50 in a report on Tuesday. Barclays lowered their price target on shares of XPENG from $15.00 to $14.00 and set an "underweight" rating on the stock in a report on Tuesday, August 25th. Weiss Ratings raised shares of XPENG from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday. Finally, UBS Group started coverage on shares of XPENG in a research note on Wednesday, September 9th. They set a "neutral" rating and a $12.00 target price on the stock.

XPENG Stock Performance

Shares of XPEV stock opened at $9.46 on Wednesday. XPENG has a 52-week low of $9.44 and a 52-week high of $28.24. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. The stock has a market cap of $9.04 billion, a PE ratio of -19.72 and a beta of 1.11. The business has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $14.29.

Institutional Trading of XPENG

Several institutional investors have recently bought and sold shares of XPEV. Nykredit A S acquired a new position in shares of XPENG during the 2nd quarter worth approximately $825,000. Altar Rock LLC acquired a new stake in XPENG in the 2nd quarter valued at $196,000. Integrated Wealth Concepts LLC acquired a new stake in XPENG in the 2nd quarter valued at $81,000. TD Waterhouse Canada Inc. increased its holdings in XPENG by 91.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,680 shares of the company's stock worth $91,000 after acquiring an additional 3,190 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in XPENG by 18.3% in the 2nd quarter. Greenleaf Trust now owns 19,075 shares of the company's stock worth $253,000 after acquiring an additional 2,948 shares in the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

XPENG Company Profile

XPENG Inc is a Chinese smart electric vehicle manufacturer headquartered in Guangzhou, China. Founded in 2014, the company develops, manufactures and sells battery-powered passenger vehicles, with a focus on integrating intelligent driving, connectivity and digital technologies into its products.

XPENG's vehicle portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles such as the P7, P5, G6, G9 and X9. Its offerings incorporate advanced driver-assistance features, over-the-air software updates, voice-enabled vehicle controls and other smart-cabin technologies.

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