XPeng Inc. Sponsored ADR (NYSE:XPEV) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of XPeng Inc. Sponsored ADR (NYSE:XPEV) have received a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.3154.

XPEV has been the topic of a number of recent analyst reports. CLSA upgraded XPeng to a “strong-buy” rating in a research report on Monday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 target price on shares of XPeng in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of XPeng in a research note on Wednesday, October 8th. Macquarie boosted their price target on XPeng from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Finally, Citigroup raised their target price on XPeng from $29.00 to $29.40 and gave the company a “buy” rating in a research note on Wednesday, August 20th.

XPeng Stock Performance

NYSE XPEV opened at $26.37 on Friday. The firm’s 50 day simple moving average is $22.49 and its 200 day simple moving average is $20.58. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of -41.86 and a beta of 2.54. XPeng has a 1 year low of $11.14 and a 1 year high of $28.24. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in XPeng by 567.4% in the 1st quarter. BNP Paribas Financial Markets now owns 5,306,883 shares of the company’s stock valued at $109,959,000 after buying an additional 4,511,751 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of XPeng by 356.9% during the 3rd quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock valued at $25,550,000 after acquiring an additional 1,515,591 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in XPeng by 2,699.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,312,990 shares of the company’s stock worth $27,205,000 after buying an additional 1,266,090 shares in the last quarter. Marshall Wace LLP increased its stake in XPeng by 228.7% in the second quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock valued at $29,313,000 after acquiring an additional 1,140,593 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of XPeng during the 1st quarter valued at about $8,514,000. Institutional investors own 21.09% of the company’s stock.

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.