Brokerages Set XPeng Inc. (NYSE:XPEV) PT at $11.69

XPeng Inc. (NYSE:XPEV) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.69.

Several equities analysts recently commented on XPEV shares. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $8.00 to $11.50 in a report on Thursday, September 5th. Citigroup cut their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Macquarie upgraded XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein upped their target price on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th.

XPeng Stock Performance

XPEV opened at $12.98 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The business has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $9.98. XPeng has a 1 year low of $6.55 and a 1 year high of $15.68. The company has a market capitalization of $12.23 billion, a PE ratio of -14.92 and a beta of 2.76.

Institutional Trading of XPeng

Institutional investors and hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new position in XPeng in the third quarter valued at about $6,233,000. FMR LLC grew its holdings in shares of XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after purchasing an additional 295,536 shares during the last quarter. Renaissance Technologies LLC acquired a new position in XPeng during the 2nd quarter worth approximately $1,006,000. Point72 Hong Kong Ltd bought a new position in XPeng in the 3rd quarter valued at approximately $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd grew its position in XPeng by 36.0% during the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock worth $4,969,000 after acquiring an additional 108,000 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors.

XPeng Company Profile

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.