XPeng’s (XPEV) Neutral Rating Reiterated at Macquarie

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

Other analysts also recently issued reports about the stock. The Goldman Sachs Group downgraded shares of 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. Sanford C. Bernstein lifted their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research note on Friday, November 22nd. UBS Group restated a “sell” rating and set a $8.80 price objective (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Finally, Citigroup lowered 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, XPeng 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. XPeng has a twelve month low of $6.55 and a twelve month high of $17.70. The company’s fifty day moving average is $13.46 and its 200-day moving average is $11.30. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of -19.43 and a beta of 2.77. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

Institutional Trading of XPeng

A number of large investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its stake in shares of XPeng by 7.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after purchasing an additional 1,027 shares during the period. HighTower Advisors LLC increased its holdings in XPeng by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 14,507 shares of the company’s stock worth $171,000 after purchasing an additional 3,102 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in XPeng by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after purchasing an additional 716 shares in the last quarter. Lindbrook Capital LLC lifted its stake in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of XPeng during the 4th quarter worth approximately $212,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.