UBS Group Upgrades XPeng (NYSE:XPEV) to Neutral

XPeng (NYSE:XPEV) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research note issued on Monday, Marketbeat Ratings reports. The brokerage presently has a $18.00 target price on the stock, up from their prior target price of $8.80. UBS Group’s target price would suggest a potential downside of 6.19% from the company’s current price.

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

XPeng Stock Up 5.8 %

XPeng stock opened at $19.19 on Monday. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $19.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company has a market cap of $18.07 billion, a PE ratio of -22.05 and a beta of 2.77. The business’s 50-day simple moving average is $14.51 and its two-hundred day simple moving average is $12.13.

Hedge Funds Weigh In On XPeng

A number of hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock valued at $154,000 after acquiring an additional 716 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after acquiring an additional 898 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock valued at $286,000 after acquiring an additional 913 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of XPeng by 50.7% during the fourth 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. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.