XPeng (NYSE:XPEV) Price Target Raised to $14.00 at Sanford C. Bernstein

XPeng (NYSE:XPEV) had its target price raised by Sanford C. Bernstein from $9.00 to $14.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Bank of America dropped their price target on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Citigroup reduced 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. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.05.

XPeng Stock Performance

NYSE XPEV opened at $11.91 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.31. XPeng has a 1-year low of $6.55 and a 1-year high of $18.74. The business has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $9.29. The stock has a market capitalization of $11.22 billion, a PE ratio of -13.69 and a beta of 2.80.

Hedge Funds Weigh In On XPeng

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in XPeng in the 3rd quarter valued at $915,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of XPeng during the third quarter valued at $6,233,000. Quantinno Capital Management LP grew its holdings in shares of XPeng by 99.2% in the third quarter. Quantinno Capital Management LP now owns 27,153 shares of the company’s stock worth $331,000 after purchasing an additional 13,520 shares during the last quarter. Point72 Italy S.r.l. purchased a new position in XPeng in the 3rd quarter worth about $1,160,000. Finally, Polymer Capital Management HK LTD bought a new stake in XPeng during the 3rd quarter valued at about $487,000. Hedge funds and other institutional investors own 23.05% 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.