XPeng (NYSE:XPEV) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

XPeng (NYSE:XPEV) had its target price hoisted by Sanford C. Bernstein from $9.00 to $14.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

XPEV has been the subject of a number of other reports. Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Bank of America decreased their price objective on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $8.00 to $11.50 in a report on Thursday, September 5th. Finally, Citigroup reduced their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.05.

XPeng Trading Down 3.0 %

Shares of XPEV opened at $11.92 on Wednesday. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of -13.70 and a beta of 2.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. XPeng has a 1-year low of $6.55 and a 1-year high of $18.74. The company has a 50-day moving average of $11.81 and a 200 day moving average of $9.28.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $1.12 billion for the quarter. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.63%. On average, research analysts expect that XPeng will post -0.97 EPS for the current year.

Hedge Funds Weigh In On XPeng

Several institutional investors and hedge funds have recently bought and sold shares of XPEV. Sei Investments Co. boosted its position in shares of XPeng by 83.0% in the 1st quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock worth $994,000 after purchasing an additional 58,700 shares in the last quarter. Natixis purchased a new stake in XPeng in the first quarter valued at about $38,000. Alpine Global Management LLC purchased a new stake in XPeng in the first quarter valued at about $307,000. Tidal Investments LLC boosted its holdings in XPeng by 25.2% in the first quarter. Tidal Investments LLC now owns 93,420 shares of the company’s stock worth $717,000 after acquiring an additional 18,826 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of XPeng by 100.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company’s stock worth $8,864,000 after acquiring an additional 550,000 shares during the last quarter. 23.05% of the stock is owned by hedge funds and other 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.