Brokerages Set XPENG Inc. Sponsored ADR (NYSE:XPEV) PT at $25.42

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $25.1846.

Several analysts have weighed in on the company. Daiwa Securities Group raised XPENG from a “neutral” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, November 18th. Loop Capital set a $25.00 price target on shares of XPENG in a research note on Tuesday, January 6th. Macquarie Infrastructure set a $26.00 price objective on shares of XPENG and gave the company an “outperform” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Wednesday, January 21st. Finally, Barclays set a $17.00 price target on XPENG in a research note on Wednesday.

Hedge Funds Weigh In On XPENG

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of XPENG by 161.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after acquiring an additional 1,582 shares during the period. EverSource Wealth Advisors LLC increased its stake in XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock valued at $63,000 after purchasing an additional 389 shares in the last quarter. FNY Investment Advisers LLC increased its stake in XPENG by 18,967.9% in the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $178,000 after purchasing an additional 10,053 shares in the last quarter. Kickstand Ventures LLC. acquired a new stake in XPENG in the fourth quarter worth $202,000. Finally, Parallel Advisors LLC boosted its position in shares of XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after purchasing an additional 584 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPENG Stock Down 0.8%

NYSE XPEV opened at $17.61 on Tuesday. The stock has a market capitalization of $16.71 billion, a P/E ratio of -41.93, a price-to-earnings-growth ratio of 4.21 and a beta of 1.16. XPENG has a 52 week low of $16.13 and a 52 week high of $28.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.12. The stock has a fifty day moving average of $19.14 and a 200-day moving average of $20.84.

About XPENG

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.