XPeng’s (XPEV) “Neutral” Rating Reiterated at Macquarie

Macquarie reiterated their neutral rating on shares of XPeng (NYSE:XPEV) in a report released on Friday morning, MarketBeat Ratings reports. Macquarie currently has a $18.00 price objective on the stock.

XPEV has been the topic of a number of other research reports. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a report on Friday, November 22nd. Sanford C. Bernstein upped their price target on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Citigroup reduced their price objective on shares of 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 downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a report on Thursday, November 21st. Finally, UBS Group restated a “sell” rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.91.

XPeng Trading Down 1.1 %

Shares of NYSE:XPEV opened at $16.91 on Friday. The stock’s 50 day moving average price is $13.36 and its 200 day moving average price is $11.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng has a 12 month low of $6.55 and a 12 month high of $17.70.

Hedge Funds Weigh In On XPeng

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after buying an additional 2,564 shares during the period. Lindbrook Capital LLC boosted its position in XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after acquiring an additional 1,138 shares during the period. Golden State Wealth Management LLC acquired a new stake in XPeng during the 4th quarter worth about $41,000. Allspring Global Investments Holdings LLC purchased a new position in XPeng during the 3rd quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after purchasing an additional 7,665 shares during the period. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

About XPeng

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.