XPeng Inc. (NYSE:XPEV) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

XPEV has been the topic of several research reports. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a report on Thursday, November 21st. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a report on Friday, November 22nd. Citigroup reduced their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. UBS Group reiterated 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. Finally, Macquarie reiterated a “neutral” rating and issued a $18.00 price target on shares of XPeng in a research report on Friday, February 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XPEV. EverSource Wealth Advisors LLC grew its stake in shares of XPeng by 55.8% during the fourth 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 fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC grew its stake in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC bought a new position in XPeng in the fourth quarter worth approximately $41,000. Finally, Allspring Global Investments Holdings LLC bought a new position in XPeng in the third quarter worth approximately $45,000. Institutional investors own 21.09% of the company’s stock.

XPeng Trading Down 0.7 %

Shares of XPEV stock opened at $15.92 on Friday. XPeng has a 12-month low of $6.55 and a 12-month high of $17.70. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $13.66 and its 200-day moving average price is $11.46. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of -18.30 and a beta of 2.77.

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.