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

Shares of XPeng Inc. (NYSE:XPEV) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.69.

A number of analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. UBS Group reissued a “sell” rating and set a $8.80 price objective (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective on the stock in a report on Friday, November 22nd. Citigroup cut their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th.

Hedge Funds Weigh In On XPeng

A number of institutional investors have recently modified their holdings of XPEV. Virtu Financial LLC purchased a new stake in XPeng in the third quarter valued at approximately $915,000. Y Intercept Hong Kong Ltd purchased a new stake in XPeng in the third quarter valued at approximately $6,233,000. Quantinno Capital Management LP grew its holdings in XPeng by 99.2% in the third quarter. Quantinno Capital Management LP now owns 27,153 shares of the company’s stock valued at $331,000 after purchasing an additional 13,520 shares during the period. Point72 Italy S.r.l. purchased a new stake in XPeng in the third quarter valued at approximately $1,160,000. Finally, Polymer Capital Management HK LTD purchased a new stake in XPeng during the third quarter worth approximately $487,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Stock Up 3.0 %

Shares of NYSE:XPEV opened at $12.99 on Monday. The company has a market cap of $12.24 billion, a price-to-earnings ratio of -14.93 and a beta of 2.74. The firm’s 50-day simple moving average is $12.61 and its 200-day simple moving average is $10.45. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $15.68.

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.