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

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

A number of brokerages have recently weighed in on XPEV. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective on the stock in a report on Friday, November 22nd. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. Citigroup lowered their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Sanford C. Bernstein upped their price target on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Finally, UBS Group reaffirmed a “sell” rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a report on Thursday, December 5th.

Institutional Investors Weigh In On XPeng

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in XPeng during the 2nd quarter worth $1,006,000. Primecap Management Co. CA grew its position in XPeng by 5.6% during the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock worth $120,369,000 after purchasing an additional 872,160 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in XPeng during the 2nd quarter worth $2,199,000. Sei Investments Co. grew its position in XPeng by 15.7% during the 2nd quarter. Sei Investments Co. now owns 149,710 shares of the company’s stock worth $1,097,000 after purchasing an additional 20,310 shares during the last quarter. Finally, DRW Securities LLC grew its position in XPeng by 135.1% during the 2nd quarter. DRW Securities LLC now owns 82,524 shares of the company’s stock worth $604,000 after purchasing an additional 47,423 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Price Performance

NYSE XPEV opened at $12.99 on Monday. The firm’s fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $10.45. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng has a 12-month low of $6.55 and a 12-month high of $15.68. The firm has a market capitalization of $12.24 billion, a P/E ratio of -14.93 and a beta of 2.74.

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.