Several hedge funds and institutional investors have adjusted their positions in XPeng. Natixis recently bought $38,000 worth of XPeng shares. Harel Insurance increased their stake by 122.4%, now owning 5,306 shares valued at $39,000. Blue Trust Inc. raised their position by 2,615.9%, holding 9,750 shares worth $75,000. Atomi Financial added a new stake worth $129,000 in Q3, while 180 Wealth Advisors also took a new position valued at $78,000. Currently, institutional investors own 23.05% of XPeng stock.
Analyst Ratings
JPMorgan upgraded XPeng from “neutral” to “overweight,” raising the price target from $8.00 to $11.50. Macquarie also upgraded their rating to “outperform.” However, Bank of America cut their target from $11.00 to $10.00, and Citigroup reduced theirs from $8.30 to $7.60, rating XPeng as “neutral.” Now, one analyst rates the stock as hold, four as buy, and one as strong buy, averaging a consensus rating of “Buy” with a target of $9.42.
XPeng’s Stock Performance
XPeng shares (NYSE: XPEV) opened at $10.23 recently and have a 52-week range of $6.55 to $18.74. The 50-day average is $9.45, and the 200-day average is $8.46. XPeng has a market cap of $9.63 billion, a P/E ratio of -6.91, and a beta of 2.79. In Q2 earnings, XPeng reported a loss of $0.19 per share on revenues of $1.12 billion, with expectations for a loss of $0.95 for the current year.
Company Overview
XPeng Inc. designs and sells smart electric vehicles (EVs) in China, including SUVs and sedans. They also offer various services like sales contracts, charging, maintenance, financing, and insurance.
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