XPeng Inc. Sponsored ADR (NYSE:XPEV) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• XPeng Inc. has received a consensus rating of "Moderate Buy" from 16 brokerages, with one sell, six hold, eight buy, and one strong buy recommendations.
• The average price target for XPeng shares among analysts is $23.85, with recent target upgrades from firms like Bank of America and Goldman Sachs.
• Institutional investors have increased their stakes in XPeng, with notable increases from Farther Finance Advisors (70.1%) and Atlas Capital Advisors (651.0%).

Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $23.8538.

XPEV has been the topic of several analyst reports. Citigroup raised their price objective on XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Bank of America boosted their price objective on shares of XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. BNP Paribas Exane assumed coverage on XPeng in a research report on Monday, August 18th. They issued a "neutral" rating and a $19.00 target price for the company. BNP Paribas started coverage on XPeng in a research note on Monday, August 18th. They issued a "hold" rating on the stock. Finally, Morgan Stanley set a $28.00 target price on XPeng and gave the stock an "overweight" rating in a research report on Thursday, June 12th.

Institutional Trading of XPeng

A number of hedge funds have recently modified their holdings of XPEV. Northern Trust Corp raised its position in shares of XPeng by 20.9% during the fourth quarter. Northern Trust Corp now owns 160,733 shares of the company's stock worth $1,900,000 after acquiring an additional 27,838 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of XPeng by 49.7% in the fourth quarter. Quantinno Capital Management LP now owns 40,660 shares of the company's stock worth $481,000 after purchasing an additional 13,507 shares in the last quarter. Vident Advisory LLC boosted its position in XPeng by 7.6% during the fourth quarter. Vident Advisory LLC now owns 53,632 shares of the company's stock valued at $634,000 after purchasing an additional 3,810 shares during the last quarter. Vise Technologies Inc. acquired a new position in XPeng during the fourth quarter worth approximately $142,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of XPeng during the 4th quarter worth about $70,000. Institutional investors own 21.09% of the company's stock.

XPeng Stock Performance

NYSE:XPEV traded down $0.34 during midday trading on Friday, reaching $21.33. The stock had a trading volume of 2,976,215 shares, compared to its average volume of 9,667,692. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $19.97. The stock has a market cap of $20.24 billion, a P/E ratio of -33.87 and a beta of 2.51. XPeng has a 12-month low of $9.26 and a 12-month high of $27.16.

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.