XPeng Inc. (NYSE:XPEV) Receives $11.69 Average PT from Analysts

XPeng Inc. (NYSE:XPEV) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.69.

Several brokerages recently commented on XPEV. UBS Group reaffirmed a “sell” rating and set a $8.80 price target (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Sanford C. Bernstein raised their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research report on Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XPEV. Y Intercept Hong Kong Ltd acquired a new position in XPeng in the third quarter worth about $6,233,000. FMR LLC increased its holdings in shares of XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after acquiring an additional 295,536 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of XPeng during the 2nd quarter valued at approximately $1,006,000. Point72 Hong Kong Ltd bought a new position in XPeng during the third quarter worth $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd boosted its holdings in XPeng by 36.0% in the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock worth $4,969,000 after purchasing an additional 108,000 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Trading Up 1.3 %

NYSE XPEV opened at $12.81 on Thursday. The company has a market cap of $12.07 billion, a P/E ratio of -14.72 and a beta of 2.76. XPeng has a 12 month low of $6.55 and a 12 month high of $15.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company has a 50-day moving average of $12.26 and a 200-day moving average of $9.90.

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.