XPENG Inc. Sponsored ADR (NYSE:XPEV) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate XPENG a consensus “Hold”: Four recommend selling, two advise holding, four recommend buying, and one gives a strong-buy rating. The average 12-month price target is $21.41.
• Recent analyst actions have been mixed but largely cautious, including JPMorgan downgrading XPENG to “neutral” and cutting its target to $11.50, while Barclays set an “underweight” rating and a $14 target.
• XPENG shares opened at $9.22, near their 52-week low of $9.01 and below their 50- and 200-day moving averages. Institutional investors own 21.09% of the stock, with several firms increasing their positions during the third quarter.

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) have been assigned an average rating of "Hold" from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, two have given 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 analysts that have issued ratings on the stock in the last year is $21.41.

Several research analysts recently weighed in on the stock. The Goldman Sachs Group set a $16.00 price objective on shares of XPENG in a research report on Friday. JPMorgan Chase & Co. lowered shares of XPENG from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $24.00 to $11.50 in a research report on Tuesday, September 29th. Barclays cut their price objective on shares of XPENG from $15.00 to $14.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 25th. Weiss Ratings cut shares of XPENG from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, October 14th. Finally, UBS Group started coverage on shares of XPENG in a research report on Wednesday, September 9th. They issued a "neutral" rating and a $12.00 target price for the company.

Institutional Trading of XPENG

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. Crossmark Global Holdings Inc. raised its stake in XPENG by 28.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 67,900 shares of the company's stock valued at $649,000 after acquiring an additional 14,842 shares during the period. Quadrant Capital Group LLC raised its stake in XPENG by 393.4% during the third quarter. Quadrant Capital Group LLC now owns 93,100 shares of the company's stock worth $908,000 after acquiring an additional 74,230 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in shares of XPENG during the third quarter worth $213,000. TD Waterhouse Canada Inc. raised its holdings in XPENG by 133.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 15,605 shares of the company's stock valued at $149,000 after buying an additional 8,925 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in XPENG by 57.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,850 shares of the company's stock worth $46,000 after buying an additional 1,771 shares during the period. 21.09% of the stock is owned by institutional investors.

XPENG Stock Up 1.7%

Shares of NYSE:XPEV opened at $9.22 on Friday. The company's fifty day moving average is $10.41 and its 200-day moving average is $13.20. XPENG has a 52 week low of $9.01 and a 52 week high of $28.24. The company has a market capitalization of $8.81 billion, a PE ratio of -19.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.11.

XPENG Company Profile

XPeng Inc is a China-based technology company focused on the design, development, manufacture and sale of smart electric vehicles. The company combines electric powertrain technology with software, connectivity and advanced driver-assistance features to develop vehicles intended for digitally connected and increasingly automated transportation.

XPeng's product portfolio has included electric sedans, sport utility vehicles and multipurpose vehicles, such as the P7 sedan, P5 sedan, G6 and G9 SUVs, and X9 multipurpose vehicle.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.