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

Key Points

• Thirteen analysts give XPENG a consensus rating of Moderate Buy (3 sell, 2 hold, 5 buy, 3 strong buy) with an average 12‑month target of $25.78.
• Analyst views are mixed — Daiwa upgraded XPENG to Buy with a $29 target while Loop Capital and Macquarie set $25–$26 targets, and Morgan Stanley still rates the stock a Reduce.
• XPENG trades near $20 (opened $19.99) with a market cap of $18.97B and a negative P/E of -47.6, and about 21.09% of the stock is held by institutional investors after several funds added or initiated positions in Q4.

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.7833.

A number of equities analysts have recently commented on the stock. Loop Capital set a $25.00 price objective on shares of XPENG in a research note on Tuesday, January 6th. Citigroup reiterated a "buy" rating on shares of XPENG in a report on Friday, February 6th. Daiwa Securities Group raised XPENG from a "neutral" rating to a "buy" rating and set a $29.00 price target for the company in a research report on Tuesday, November 18th. Morgan Stanley restated a "reduce" rating on shares of XPENG in a research note on Monday, December 29th. Finally, Macquarie Infrastructure set a $26.00 price target on XPENG and gave the stock an "outperform" rating in a research report on Thursday, January 15th.

Hedge Funds Weigh In On XPENG

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company's stock worth $209,000 after acquiring an additional 584 shares in the last quarter. BNP Paribas grew its position in shares of XPENG by 10.8% in the 4th quarter. BNP Paribas now owns 16,350 shares of the company's stock valued at $332,000 after acquiring an additional 1,600 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of XPENG by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company's stock valued at $79,000 after acquiring an additional 1,212 shares during the period. Abacus Wealth Partners LLC acquired a new position in shares of XPENG during the 4th quarter worth about $1,060,000. Finally, DNB Asset Management AS bought a new stake in shares of XPENG in the 4th quarter valued at about $2,325,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPENG Stock Up 0.1%

XPENG stock opened at $19.99 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. XPENG has a 1-year low of $15.38 and a 1-year high of $28.24. The company has a fifty day simple moving average of $18.61 and a 200 day simple moving average of $20.55. The company has a market cap of $18.97 billion, a P/E ratio of -47.60, a price-to-earnings-growth ratio of 20.76 and a beta of 1.21.

About XPENG

XPENG Inc NYSE: XPEV is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.

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