XPeng (NYSE:XPEV) Upgraded at UBS Group

UBS Group upgraded shares of XPeng (NYSE:XPEV) from a sell rating to a neutral rating in a report published on Monday, Marketbeat reports. They currently have $18.00 price objective on the stock, up from their previous price objective of $8.80.

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

XPeng Trading Up 15.2 %

XPeng stock opened at $22.04 on Monday. XPeng has a 52 week low of $6.55 and a 52 week high of $22.26. 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 firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of -25.33 and a beta of 2.77. The company has a 50 day moving average price of $14.70 and a 200 day moving average price of $12.20.

Institutional Trading of XPeng

Large investors have recently added to or reduced their stakes in the business. Alibaba Group Holding Ltd raised its holdings in shares of XPeng by 21.2% during the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock valued at $448,678,000 after purchasing an additional 6,650,000 shares in the last quarter. TMT General Partner Ltd acquired a new position in XPeng during the fourth quarter worth $205,501,000. JPMorgan Chase & Co. increased its position in XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock worth $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in XPeng during the third quarter valued at about $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of XPeng by 947.5% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock worth $20,800,000 after buying an additional 1,591,750 shares during the last quarter. 21.09% of the stock is owned by 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.