XPENG Inc. Sponsored ADR (NYSE:XPEV) Stock Has Consensus Target Price of $21.41 According to Brokerages

XPENG Inc. Sponsored ADR (NYSE:XPEV) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $21.41.

Several equities analysts have weighed in on XPEV shares. The Goldman Sachs Group set a $16.00 price objective on XPENG in a report on Friday. UBS Group began coverage on XPENG in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 target price on the stock. Weiss Ratings cut XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 14th. Barclays dropped their target price on XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. downgraded XPENG from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $11.50 in a research report on Tuesday, September 29th.

XPENG Stock Performance

NYSE XPEV opened at $9.22 on Friday. XPENG has a 52-week low of $9.01 and a 52-week high of $28.24. The company has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $13.20. 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 company has a market capitalization of $8.81 billion, a PE ratio of -19.22 and a beta of 1.07.

Hedge Funds Weigh In On XPENG

A number of hedge funds have recently modified their holdings of XPEV. Valeo Financial Advisors LLC increased its position in XPENG by 0.3% during 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 period. Farther Finance Advisors LLC raised its holdings in XPENG by 57.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,850 shares of the company’s stock worth $46,000 after acquiring an additional 1,771 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in XPENG by 54.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company’s stock valued at $103,000 after acquiring an additional 2,129 shares during the period. Parallel Advisors LLC lifted its position in XPENG by 25.0% during the first quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock valued at $220,000 after purchasing an additional 2,578 shares during the period. Finally, Greenleaf Trust boosted its holdings in XPENG by 18.3% in the second quarter. Greenleaf Trust now owns 19,075 shares of the company’s stock worth $253,000 after purchasing an additional 2,948 shares during the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPENG Company Profile

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.