Analysts Set XPENG Inc. Sponsored ADR (NYSE:XPEV) Price Target at $25.78

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given 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 brokers that have updated their coverage on the stock in the last year is $25.7833.

Several equities analysts have recently issued reports on XPEV shares. Morgan Stanley reaffirmed a “reduce” rating on shares of XPENG in a research report on Monday, December 29th. Barclays set a $17.00 price objective on shares of XPENG in a research note on Wednesday, February 18th. Daiwa Securities Group raised shares of XPENG from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, November 18th. Loop Capital set a $25.00 target price on shares of XPENG in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st.

Institutional Trading of XPENG

Several institutional investors have recently added to or reduced their stakes in XPEV. 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 purchasing an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 valued at $63,000 after purchasing an additional 389 shares in the last quarter. Kickstand Ventures LLC. bought a new position in shares of XPENG during the fourth quarter valued at $202,000. Parallel Advisors LLC boosted its position in shares of XPENG by 6.0% during 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. Finally, Venturi Wealth Management LLC purchased a new stake in shares of XPENG during the third quarter valued at $249,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPENG Trading Up 0.6%

XPENG stock opened at $20.10 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $18.61 and its two-hundred day simple moving average is $20.49. XPENG has a 12 month low of $15.38 and a 12 month high of $28.24. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of -47.85, a price-to-earnings-growth ratio of 20.75 and a beta of 1.21.

About XPENG

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.