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

XPeng Inc. (NYSE:XPEV) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.69.

A number of research firms have commented on XPEV. UBS Group reaffirmed a “sell” rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Citigroup cut their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised 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 research report on Thursday, September 5th. 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 research report on Thursday, November 21st. Finally, China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective on the stock in a research note on Friday, November 22nd.

XPeng Trading Down 0.6 %

XPeng stock opened at $12.64 on Thursday. XPeng has a 12 month low of $6.55 and a 12 month high of $15.68. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of -14.53 and a beta of 2.76. The business’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $9.89. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Institutional Trading of XPeng

Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in shares of XPeng by 212.1% during the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after buying an additional 2,724,549 shares during the period. Point72 Hong Kong Ltd acquired a new stake in XPeng during the third quarter worth $22,047,000. Primecap Management Co. CA raised its position in XPeng by 5.6% in the second quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after purchasing an additional 872,160 shares during the period. Point72 Europe London LLP acquired a new position in shares of XPeng in the 2nd quarter valued at $5,923,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of XPeng during the 3rd quarter worth $6,233,000. 21.09% of the stock is currently owned by hedge funds and other 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.