XPeng Inc.’s Quiet Period To Expire on September 22nd (NASDAQ:BEKE)

XPeng’s (NASDAQ:BEKE) quiet period is set to expire on Tuesday, September 22nd. XPeng had issued 106,000,000 shares in its public offering on August 13th. The total size of the offering was $2,120,000,000 based on an initial share price of $20.00. During XPeng’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

BEKE has been the topic of a number of analyst reports. China International Capital initiated coverage on XPeng in a research note on Wednesday, September 9th. They issued a “hold” rating on the stock. Goldman Sachs Group initiated coverage on XPeng in a research note on Monday, September 7th. They issued a “neutral” rating and a $48.00 price target on the stock. 86 Research cut XPeng from a “hold” rating to a “sell” rating and set a $15.50 price target on the stock. in a research note on Tuesday, September 8th. China Renaissance Securities initiated coverage on XPeng in a research note on Wednesday, September 9th. They issued a “hold” rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on XPeng in a research note on Friday, September 11th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.50.

Shares of XPeng stock opened at $60.72 on Thursday. XPeng has a 52 week low of $31.79 and a 52 week high of $62.00.

About XPeng

KE Holdings Inc operates an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company facilitates various housing transactions ranging from existing and new home sales and home rentals to home renovation, real estate financial solutions, and other services.

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