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

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.7833.

Several research analysts have recently commented on XPEV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research note on Wednesday, January 21st. Loop Capital set a $25.00 price target on XPENG in a research note on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of XPENG in a report on Friday, February 6th. Macquarie Infrastructure set a $26.00 price objective on shares of XPENG and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Finally, Morgan Stanley reissued a “reduce” rating on shares of XPENG in a research report on Monday, December 29th.

XPENG Price Performance

Shares of NYSE XPEV opened at $19.99 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $18.61 and its two-hundred day moving average price is $20.55. The company has a market cap of $18.97 billion, a PE ratio of -47.60, a price-to-earnings-growth ratio of 20.76 and a beta of 1.21. XPENG has a twelve month low of $15.38 and a twelve month high of $28.24.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of XPENG by 16.9% during the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after acquiring an additional 389 shares during the period. Kickstand Ventures LLC. acquired a new position in shares of XPENG in the fourth quarter valued at approximately $202,000. Parallel Advisors LLC increased its stake 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 during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of XPENG during the third quarter worth approximately $249,000. 21.09% of the stock is owned by institutional investors.

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.