XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Consensus Rating of “Hold” by Brokerages

XPENG Inc. Sponsored ADR (NYSE:XPEV) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.3143.

Several analysts have issued reports on the company. Barclays cut their price objective on XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, August 25th. Weiss Ratings upgraded XPENG from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their target price on XPENG from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Tuesday, August 25th. Jefferies Financial Group reissued a “buy” rating and set a $25.20 price target on shares of XPENG in a research report on Friday, May 29th. Finally, Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th.

Institutional Investors Weigh In On XPENG

Hedge funds and other institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in shares of XPENG by 0.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after purchasing an additional 1,052 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,983 shares during the period. DNB Asset Management AS acquired a new stake in XPENG during the 4th quarter worth $2,325,000. Ethic Inc. raised its position in shares of XPENG by 6.1% during the 4th quarter. Ethic Inc. now owns 78,380 shares of the company’s stock valued at $1,590,000 after acquiring an additional 4,493 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of XPENG during the 2nd quarter valued at $825,000. 21.09% of the stock is owned by institutional investors and hedge funds.

XPENG Stock Performance

Shares of NYSE XPEV opened at $10.95 on Friday. The stock has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $15.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.11. The firm has a market cap of $10.46 billion, a P/E ratio of -22.81 and a beta of 1.11. XPENG has a 1 year low of $10.72 and a 1 year high of $28.24.

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.