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

XPeng Inc. (NYSE:XPEV) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.05.

XPEV has been the topic of a number of recent research reports. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upgraded XPeng from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. Sanford C. Bernstein lifted their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group lowered 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.

XPeng Trading Up 1.2 %

Shares of NYSE XPEV opened at $12.05 on Friday. XPeng has a 1 year low of $6.55 and a 1 year high of $17.17. The firm’s 50-day moving average is $12.07 and its 200-day moving average is $9.42. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On XPeng

Several institutional investors have recently modified their holdings of XPEV. Sei Investments Co. lifted its stake in XPeng by 83.0% in the first quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock valued at $994,000 after buying an additional 58,700 shares in the last quarter. Natixis acquired a new position in XPeng in the 1st quarter worth $38,000. Tidal Investments LLC increased its holdings in XPeng by 25.2% during the 1st quarter. Tidal Investments LLC now owns 93,420 shares of the company’s stock worth $717,000 after purchasing an additional 18,826 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of XPeng by 100.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company’s stock valued at $8,864,000 after purchasing an additional 550,000 shares during the period. Finally, 180 Wealth Advisors LLC bought a new stake in shares of XPeng in the second quarter valued at about $78,000. Institutional investors own 23.05% of the company’s stock.

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.