XPENG Inc. Sponsored ADR (NYSE:XPEV) Receives Consensus Recommendation of “Hold” from Analysts

XPENG Inc. Sponsored ADR (NYSE:XPEV) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have issued a buy recommendation and two have assigned 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 $25.3143.

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Jefferies Financial Group restated a “buy” rating and issued a $25.20 price objective on shares of XPENG in a report on Friday, May 29th. Barclays decreased their target price on XPENG from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Tuesday, August 25th. JPMorgan Chase & Co. cut their price target on shares of XPENG from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, August 25th. Finally, Bank of America reissued a “buy” rating on shares of XPENG in a research report on Thursday, May 28th.

XPENG Stock Down 1.7%

Shares of NYSE:XPEV opened at $10.95 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of -22.81 and a beta of 1.11. The stock’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $15.18. XPENG has a 12-month low of $10.72 and a 12-month high of $28.24.

Institutional Investors Weigh In On XPENG

A number of institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after acquiring an additional 584 shares during the period. Valeo Financial Advisors LLC grew its stake in XPENG by 0.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock worth $5,127,000 after buying an additional 1,052 shares during the last quarter. SBI Securities Co. Ltd. increased its position in XPENG by 7.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after buying an additional 1,186 shares during the period. EverSource Wealth Advisors LLC increased its position in XPENG by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after buying an additional 1,212 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after buying an additional 1,582 shares during the last quarter. Institutional investors own 21.09% of the company’s stock.

XPENG Company Profile

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.