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

XPENG Inc. Sponsored ADR (NYSE:XPEV) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $22.09.

Several equities research analysts have recently commented on XPEV shares. Weiss Ratings upgraded shares of XPENG from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. UBS Group initiated coverage on XPENG in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 target price for the company. Barclays dropped their price target on XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 25th. Finally, JPMorgan Chase & Co. cut XPENG from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $11.50 in a research note on Tuesday, September 29th.

XPENG Stock Up 1.6%

NYSE:XPEV opened at $9.55 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. XPENG has a twelve month low of $9.18 and a twelve month high of $28.24. The company has a market cap of $9.12 billion, a PE ratio of -19.91 and a beta of 1.07. The company’s 50 day moving average is $11.11 and its two-hundred day moving average is $13.93.

Hedge Funds Weigh In On XPENG

Several hedge funds and other institutional investors have recently bought and sold shares of XPEV. CX Institutional acquired a new stake in shares of XPENG in the third quarter worth $60,000. QRG Capital Management Inc. acquired a new position in XPENG during the second quarter valued at $187,000. Altar Rock LLC purchased a new stake in XPENG in the second quarter valued at $196,000. Integrated Wealth Concepts LLC purchased a new stake in XPENG in the second quarter valued at $81,000. Finally, Nykredit A S acquired a new stake in XPENG during the 2nd quarter worth about $825,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Company Profile

XPENG Inc is a Chinese smart electric vehicle manufacturer headquartered in Guangzhou, China. Founded in 2014, the company develops, manufactures and sells battery-powered passenger vehicles, with a focus on integrating intelligent driving, connectivity and digital technologies into its products.

XPENG’s vehicle portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles such as the P7, P5, G6, G9 and X9. Its offerings incorporate advanced driver-assistance features, over-the-air software updates, voice-enabled vehicle controls and other smart-cabin technologies.