XPeng (NYSE:XPEV) Receives “Neutral” Rating from Macquarie

Macquarie reiterated their neutral rating on shares of XPeng (NYSE:XPEV) in a research report released on Friday, MarketBeat.com reports. The firm currently has a $18.00 target price on the stock.

Other analysts have also recently issued research reports about the company. UBS Group restated a “sell” rating and set a $8.80 price objective (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. Citigroup decreased their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a report on Friday, November 22nd. Finally, Sanford C. Bernstein lifted 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given 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 $12.91.

XPeng Stock Performance

Shares of XPeng stock opened at $16.91 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng has a 1 year low of $6.55 and a 1 year high of $17.70. The firm’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $11.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. TMT General Partner Ltd acquired a new stake in shares of XPeng in the fourth quarter valued at approximately $205,501,000. Point72 Hong Kong Ltd acquired a new stake in XPeng in the 3rd quarter valued at approximately $22,047,000. Y Intercept Hong Kong Ltd bought a new stake in XPeng during the 3rd quarter valued at $6,233,000. FMR LLC boosted its position in XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after acquiring an additional 295,536 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd grew its stake in shares of XPeng by 36.0% in the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock worth $4,969,000 after purchasing an additional 108,000 shares in the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

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.