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

Key Points

• XPeng Inc. (NYSE:XPEV) has received a consensus rating of "Moderate Buy" from analysts, with varied ratings from sell to strong buy among the fourteen ratings firms reviewing the stock.
• The average 1-year price target for XPeng shares stands at $23.73, with Goldman Sachs recently raising its target from $16.40 to $24.00.
• Institutional investors have increased their stakes significantly, with Farther Finance Advisors raising its stake by 70.1% in the first quarter, reflecting growing confidence in the company.

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.73.

XPEV has been the subject of a number of recent research reports. Morgan Stanley set a $28.00 price objective on shares of XPeng and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Sanford C. Bernstein set a $19.00 price objective on shares of XPeng and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group raised shares of XPeng from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.40 to $24.00 in a research note on Tuesday, June 17th.

XPeng Trading Down 0.8%

XPEV traded down $0.14 on Friday, hitting $18.07. The company had a trading volume of 4,365,773 shares, compared to its average volume of 5,386,710. The company has a market cap of $17.15 billion, a PE ratio of -24.09 and a beta of 2.50. XPeng has a 12-month low of $6.60 and a 12-month high of $27.16. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $18.77 and its 200 day simple moving average is $18.99.

XPeng (NYSE:XPEV - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $15.80 billion. Equities research analysts expect that XPeng will post -0.96 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in XPeng by 70.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after purchasing an additional 532 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of XPeng by 3.9% during the 4th quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock worth $286,000 after buying an additional 913 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of XPeng by 5.3% during the 1st quarter. Ballentine Partners LLC now owns 22,798 shares of the company's stock worth $472,000 after buying an additional 1,151 shares during the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock worth $31,000 after buying an additional 1,302 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock worth $47,000 after buying an additional 1,353 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

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.