XPeng Inc. (NYSE:XPEV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of XPeng Inc. (NYSE:XPEV) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.69.

Several equities analysts recently commented on the stock. Bank of America dropped their price objective on shares of XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. UBS Group reiterated a “sell” rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Macquarie upgraded XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research report on Thursday, November 21st. Finally, Citigroup reduced their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th.

Hedge Funds Weigh In On XPeng

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. Allspring Global Investments Holdings LLC bought a new position in XPeng during the 3rd quarter worth approximately $45,000. Blue Trust Inc. increased its position in shares of XPeng by 2,615.9% during the second quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock worth $75,000 after buying an additional 9,391 shares during the period. Venturi Wealth Management LLC bought a new position in XPeng during the third quarter worth $110,000. Susquehanna International Securities Ltd. acquired a new position in XPeng in the second quarter valued at $129,000. Finally, Atomi Financial Group Inc. bought a new stake in XPeng during the third quarter valued at $129,000. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Stock Down 2.8 %

XPEV stock opened at $12.48 on Thursday. The firm has a 50-day moving average price of $12.27 and a 200-day moving average price of $9.82. XPeng has a 12 month low of $6.55 and a 12 month high of $15.68. 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 has a market capitalization of $11.76 billion, a P/E ratio of -14.34 and a beta of 2.76.

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.