XPENG Inc. Sponsored ADR (XPEV) – What Are Researchers Thinking About This Stock?

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have earned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.24.

A number of equities research analysts have issued reports on the company. Barclays decreased their price objective on XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 25th. UBS Group started coverage on XPENG in a report on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 target price for the company. JPMorgan Chase & Co. dropped their target price on XPENG from $11.50 to $10.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings downgraded XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. Finally, The Goldman Sachs Group set a $16.00 price target on XPENG in a report on Friday, October 23rd.

XPENG Trading Down 1.4%

XPEV opened at $9.19 on Friday. The firm has a market cap of $8.77 billion, a P/E ratio of -19.14 and a beta of 1.07. XPENG has a 12 month low of $8.99 and a 12 month high of $28.24. 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 stock has a 50-day moving average of $10.21 and a 200 day moving average of $14.59.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its stake in shares of XPENG by 0.3% in the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after acquiring an additional 1,052 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of XPENG by 393.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 93,100 shares of the company’s stock worth $908,000 after acquiring an additional 74,230 shares during the last quarter. Nykredit A S bought a new stake in shares of XPENG in the 2nd quarter worth about $825,000. Crossmark Global Holdings Inc. boosted its stake in shares of XPENG by 28.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 67,900 shares of the company’s stock worth $649,000 after purchasing an additional 14,842 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of XPENG during the 3rd quarter worth about $493,000. Institutional investors own 21.09% of the company’s stock.

About XPENG

XPeng Inc is a China-based technology company focused on the design, development, manufacture and sale of smart electric vehicles. The company combines electric powertrain technology with software, connectivity and advanced driver-assistance features to develop vehicles intended for digitally connected and increasingly automated transportation.

XPeng’s product portfolio has included electric sedans, sport utility vehicles and multipurpose vehicles, such as the P7 sedan, P5 sedan, G6 and G9 SUVs, and X9 multipurpose vehicle.