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

Shares of XPeng Inc. (NYSE:XPEV) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.91.

Several equities analysts recently weighed in on the stock. 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 research report on Friday, November 22nd. UBS Group reissued a “sell” rating and issued a $8.80 price target (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Citigroup dropped their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. Finally, Macquarie reissued a “neutral” rating and issued a $18.00 price target on shares of XPeng in a research report on Friday.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently bought and sold shares of XPEV. Avior Wealth Management LLC boosted its stake in XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after buying an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its stake in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after buying an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng during the fourth quarter worth $41,000. Allspring Global Investments Holdings LLC acquired a new stake in XPeng during the third quarter worth $45,000. Finally, Compagnie Lombard Odier SCmA boosted its stake in XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock worth $96,000 after buying an additional 7,665 shares in the last quarter. Institutional investors own 21.09% of the company’s stock.

XPeng Price Performance

Shares of XPEV opened at $16.91 on Friday. The firm has a market cap of $15.92 billion, a PE ratio of -19.43 and a beta of 2.77. The firm’s 50 day moving average price is $13.46 and its 200 day moving average price is $11.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a twelve month low of $6.55 and a twelve month high of $17.70.

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.