XPeng (NYSE:XPEV) Upgraded by UBS Group to “Neutral” Rating

UBS Group upgraded shares of XPeng (NYSE:XPEV) from a sell rating to a neutral rating in a research note released on Monday, MarketBeat Ratings reports. UBS Group currently has $18.00 price objective on the stock, up from their prior price objective of $8.80.

XPEV has been the topic of a number of other reports. Macquarie reiterated a “neutral” rating and issued a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Sanford C. Bernstein increased their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Citigroup lowered their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research report on Thursday, November 21st. Finally, China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.93.

XPeng Trading Down 1.4 %

Shares of XPeng stock opened at $18.15 on Monday. The stock has a fifty day moving average price of $14.38 and a 200-day moving average price of $12.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a market cap of $17.09 billion, a PE ratio of -20.86 and a beta of 2.77. XPeng has a 1 year low of $6.55 and a 1 year high of $19.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after buying an additional 898 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after acquiring an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after acquiring an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of XPeng during the fourth quarter worth about $41,000. Finally, Natixis bought a new position in shares of XPeng in the fourth quarter worth approximately $43,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.