Analysts Set XPeng Inc. (NYSE:XPEV) Target Price at $22.20

XPeng Inc. (NYSE:XPEV) has earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.20.

Several analysts have issued reports on the company. Sanford C. Bernstein set a $18.00 price target on XPeng and gave the company a “market perform” rating in a report on Wednesday, March 19th. Barclays boosted their price objective on XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and upped their price target for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Nomura Securities raised shares of XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th.

XPeng Stock Up 5.5 %

XPeng stock opened at $20.79 on Friday. The stock has a market cap of $19.58 billion, a PE ratio of -23.89 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The stock has a fifty day moving average of $19.18 and a 200 day moving average of $14.60. XPeng has a one year low of $6.55 and a one year high of $27.16.

XPeng (NYSE:XPEV) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. As a group, sell-side analysts predict that XPeng will post -0.96 EPS for the current year.

Institutional Investors Weigh In On XPeng

Large investors have recently made changes to their positions in the company. Alibaba Group Holding Ltd boosted its stake in XPeng by 21.2% during the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock valued at $448,678,000 after buying an additional 6,650,000 shares during the last quarter. TMT General Partner Ltd purchased a new stake in XPeng in the fourth quarter worth $205,501,000. JPMorgan Chase & Co. increased its stake in XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock worth $54,354,000 after buying an additional 4,227,055 shares during the period. Point72 Hong Kong Ltd purchased a new stake in XPeng in the 3rd quarter valued at about $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in XPeng by 947.5% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock worth $20,800,000 after acquiring an additional 1,591,750 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

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.