XPeng Inc. Sponsored ADR (NYSE:XPEV) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• XPeng Inc. (NYSE:XPEV) has received an average analyst rating of "Moderate Buy", with a 12-month price target averaging $23.85.
• Institutional investors have shown confidence in XPeng, with significant stake increases, including 21.09% ownership across institutional shareholders.
• As of the latest trading session, XPeng's stock is priced at $23.09, with a 52-week range between $7.16 and $27.16.

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.8538.

A number of research firms recently commented on XPEV. BNP Paribas Exane began coverage on XPeng in a report on Monday, August 18th. They set a "neutral" rating and a $19.00 price target for the company. Sanford C. Bernstein set a $19.00 price target on XPeng and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Macquarie boosted their price objective on XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Bank of America boosted their price objective on XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Citigroup boosted 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.

XPeng Trading Down 2.8%

XPeng stock opened at $23.09 on Tuesday. XPeng has a 52 week low of $7.16 and a 52 week high of $27.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14. The stock has a market capitalization of $21.91 billion, a P/E ratio of -36.65 and a beta of 2.50. The stock has a 50-day simple moving average of $19.07 and a 200 day simple moving average of $19.65.

Institutional Investors Weigh In On XPeng

Institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings 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 period. TMT General Partner Ltd boosted its holdings in shares of XPeng by 88.2% during the first quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock worth $678,099,000 after acquiring an additional 15,340,907 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of XPeng during the first quarter worth approximately $454,000. Virtu Financial LLC bought a new stake in shares of XPeng during the first quarter worth approximately $2,203,000. Finally, Alibaba Group Holding Ltd boosted its holdings in shares of XPeng by 21.2% during the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock worth $448,678,000 after acquiring an additional 6,650,000 shares during the period. Institutional investors 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.

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