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

Key Points

• XPeng Inc. (NYSE:XPEV) has received an average rating of “Moderate Buy” from analysts, with eight buy ratings and two strong buy ratings among the eighteen analysts covering the stock.
• Recent target price adjustments include Citigroup raising its price objective from $29.00 to $29.40 and Macquarie increasing theirs from $24.00 to $25.00.
• Institutional investors significantly increased their positions in XPeng, with BNP Paribas Financial Markets growing its stake by 567.4% in the first quarter.

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $23.8538.

Several brokerages recently issued reports on XPEV. Citigroup increased 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. Macquarie increased their target price on shares of XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. BNP Paribas assumed coverage on shares of XPeng in a research report on Monday, August 18th. They set a "hold" rating on the stock. BNP Paribas Exane assumed coverage on shares of XPeng in a research report on Monday, August 18th. They set a "neutral" rating and a $19.00 target price on the stock. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of XPeng in a research report on Wednesday, October 8th.

XPeng Price Performance

Shares of NYSE:XPEV opened at $21.28 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. XPeng has a 1 year low of $10.06 and a 1 year high of $27.16. The business has a fifty day simple moving average of $21.54 and a 200 day simple moving average of $19.97. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of -33.77 and a beta of 2.54.

Institutional Investors Weigh In On XPeng

Several hedge funds and other institutional investors have recently made changes to their positions in XPEV. BNP Paribas Financial Markets grew its position in shares of XPeng by 567.4% in the first quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company's stock valued at $109,959,000 after purchasing an additional 4,511,751 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of XPeng by 2,699.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,312,990 shares of the company's stock valued at $27,205,000 after purchasing an additional 1,266,090 shares during the last quarter. Marshall Wace LLP grew its position in shares of XPeng by 228.7% in the second quarter. Marshall Wace LLP now owns 1,639,403 shares of the company's stock valued at $29,313,000 after purchasing an additional 1,140,593 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of XPeng in the first quarter valued at about $8,514,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of XPeng in the first quarter valued at about $7,793,000. 21.09% of the stock is owned by institutional investors and hedge funds.

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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