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 issued on Monday morning, MarketBeat reports. The brokerage currently has $18.00 price target on the stock, up from their previous price target of $8.80.

Several other equities research analysts have also recently issued reports on XPEV. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research report on Friday, November 22nd. Sanford C. Bernstein raised their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Macquarie reiterated a “neutral” rating and set a $18.00 target price on shares of XPeng in a report on Friday, February 7th. Finally, Citigroup dropped their target price 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. Five 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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 stock has a market cap of $20.76 billion, a PE ratio of -25.33 and a beta of 2.77. The stock has a 50-day moving average price of $14.70 and a 200 day moving average price of $12.20. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On XPeng

Large investors have recently bought and sold shares of the stock. Alibaba Group Holding Ltd boosted its holdings in shares of XPeng by 21.2% in the fourth quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock valued at $448,678,000 after acquiring an additional 6,650,000 shares in the last quarter. TMT General Partner Ltd bought a new position in XPeng during the 4th quarter valued at $205,501,000. JPMorgan Chase & Co. increased its position in shares of XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after purchasing an additional 4,227,055 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of XPeng during the 3rd quarter valued at $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of XPeng by 947.5% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.