XPeng Inc. (NYSE:XPEV) Given Average Rating of “Moderate Buy” by Brokerages

XPeng Inc. (NYSE:XPEV) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.93.

Several research analysts have commented on XPEV shares. Sanford C. Bernstein lifted their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Macquarie restated a “neutral” rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Citigroup lowered their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a research report on Thursday, November 21st.

XPeng Stock Performance

Shares of NYSE XPEV opened at $20.26 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $15.22 and its two-hundred day moving average is $12.55. The company has a market cap of $19.08 billion, a P/E ratio of -23.29 and a beta of 2.77. XPeng has a 12 month low of $6.55 and a 12 month high of $22.80.

Institutional Trading of XPeng

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in XPeng in the 4th quarter valued at $70,000. Vise Technologies Inc. acquired a new stake in XPeng in the 4th quarter valued at $142,000. Vident Advisory LLC boosted its stake in XPeng by 7.6% in the 4th quarter. Vident Advisory LLC now owns 53,632 shares of the company’s stock valued at $634,000 after buying an additional 3,810 shares in the last quarter. Twinbeech Capital LP boosted its stake in XPeng by 22.4% in the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company’s stock valued at $4,812,000 after buying an additional 74,574 shares in the last quarter. Finally, Polar Capital Holdings Plc acquired a new stake in XPeng in the 4th quarter valued at $6,596,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.