Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, two have assigned 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 brokers that have issued ratings on the stock in the last year is $21.24.
A number of research firms recently issued reports on XPEV. JPMorgan Chase & Co. lowered their target price on shares of XPENG from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Weiss Ratings lowered shares of XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. UBS Group assumed coverage on shares of XPENG in a research note on Wednesday, September 9th. They set a “neutral” rating and a $12.00 price target on the stock. Barclays cut their price target on shares of XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 25th. Finally, The Goldman Sachs Group set a $16.00 price target on shares of XPENG in a report on Friday, October 23rd.
Read Our Latest Stock Report on XPEV
XPENG Trading Down 1.5%
NYSE XPEV opened at $9.04 on Friday. XPENG has a 12 month low of $8.94 and a 12 month high of $28.24. The company has a 50-day moving average of $10.15 and a 200-day moving average of $14.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.86. The company has a market cap of $8.63 billion, a P/E ratio of -18.83 and a beta of 1.07.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in XPEV. Valeo Financial Advisors LLC boosted its holdings in XPENG by 0.3% in the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after acquiring an additional 1,052 shares during the last quarter. Farther Finance Advisors LLC grew its position in XPENG by 57.5% during the third quarter. Farther Finance Advisors LLC now owns 4,850 shares of the company’s stock valued at $46,000 after acquiring an additional 1,771 shares during the period. EverSource Wealth Advisors LLC grew its position in XPENG by 54.5% during the first quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company’s stock valued at $103,000 after acquiring an additional 2,129 shares during the period. Parallel Advisors LLC grew its position in XPENG by 25.0% during the first quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock valued at $220,000 after acquiring an additional 2,578 shares during the period. Finally, Greenleaf Trust increased its stake in XPENG by 18.3% during the second quarter. Greenleaf Trust now owns 19,075 shares of the company’s stock worth $253,000 after acquiring an additional 2,948 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.
XPENG Company Profile
XPeng Inc is a China-based technology company focused on the design, development, manufacture and sale of smart electric vehicles. The company combines electric powertrain technology with software, connectivity and advanced driver-assistance features to develop vehicles intended for digitally connected and increasingly automated transportation.
XPeng’s product portfolio has included electric sedans, sport utility vehicles and multipurpose vehicles, such as the P7 sedan, P5 sedan, G6 and G9 SUVs, and X9 multipurpose vehicle.
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