XPENG Inc. Sponsored ADR (NYSE:XPEV) Given Average Recommendation of “Hold” by Analysts

XPENG Inc. Sponsored ADR (NYSE:XPEV) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $23.65.

A number of analysts have weighed in on XPEV shares. JPMorgan Chase & Co. dropped their target price on shares of XPENG from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, August 25th. Wall Street Zen downgraded shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings lowered shares of XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. UBS Group started coverage on shares of XPENG in a report on Wednesday. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, Bank of America restated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th.

XPENG Price Performance

Shares of NYSE XPEV opened at $10.53 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -21.93 and a beta of 1.11. XPENG has a twelve month low of $10.31 and a twelve month high of $28.24. The business has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $14.93.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after buying an additional 584 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of XPENG by 0.3% during the second quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after acquiring an additional 1,052 shares during the period. SBI Securities Co. Ltd. grew its position in shares of XPENG by 7.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after acquiring an additional 1,186 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of XPENG by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after acquiring an additional 1,212 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings 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 worth $52,000 after acquiring an additional 1,582 shares during the period. 21.09% of the stock is currently owned by institutional investors.

XPENG Company Profile

XPeng Inc (NYSE: XPEV) is a Chinese smart electric vehicle manufacturer that designs, develops, manufactures and markets battery-powered passenger vehicles. The company combines vehicle engineering with software, connectivity and advanced driver-assistance technologies to provide digitally integrated driving experiences.

XPeng’s product portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles, including the P7 sedan, G6 and G9 SUVs, and X9 MPV. Its technology offerings include the XNGP advanced driver-assistance system, in-vehicle operating systems and related smart-cockpit features.