Macquarie Reiterates “Neutral” Rating for XPeng (NYSE:XPEV)

XPeng (NYSE:XPEV)‘s stock had its “neutral” rating restated by stock analysts at Macquarie in a note issued to investors on Friday,Benzinga reports. They presently have a $18.00 target price on the stock. Macquarie’s price target indicates a potential upside of 5.54% from the stock’s current price.

A number of other equities analysts have also recently weighed in on XPEV. Sanford C. Bernstein lifted their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Citigroup reduced their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. UBS Group reiterated a “sell” rating and set a $8.80 price objective (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. Finally, China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.91.

XPeng Stock Performance

Shares of NYSE:XPEV opened at $17.06 on Friday. The firm’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $11.22. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $17.40. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of -19.60 and a beta of 2.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18.

Institutional Trading of XPeng

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. Avior Wealth Management LLC grew its position in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of 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 buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of XPeng in the 4th quarter valued at about $41,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of XPeng in the third quarter valued at about $45,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock worth $96,000 after acquiring an additional 7,665 shares in the last quarter. 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.