XPeng Inc. (NYSE:XPEV) Receives $13.93 Consensus PT from Analysts

XPeng Inc. (NYSE:XPEV) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.93.

Several equities research analysts recently commented on XPEV shares. The Goldman Sachs Group cut shares of 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. Citigroup cut 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. Macquarie reissued a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. Sanford C. Bernstein boosted their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $8.80 to $18.00 in a research report on Monday, February 24th.

XPeng Trading Up 2.7 %

XPEV opened at $22.25 on Tuesday. The stock has a market capitalization of $20.96 billion, a P/E ratio of -25.58 and a beta of 2.68. XPeng has a 12 month low of $6.55 and a 12 month high of $22.92. The firm’s fifty day simple moving average is $15.72 and its 200 day simple moving average is $12.77. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after buying an additional 898 shares during the last quarter. Avior Wealth Management LLC grew its stake in XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares during the last quarter. Lindbrook Capital LLC grew its stake in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in XPeng in the 4th quarter valued at about $41,000. Finally, Natixis bought a new stake in XPeng in the 4th quarter valued at about $43,000. 21.09% of the stock is currently 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.