XPeng (NYSE:XPEV) Upgraded at UBS Group

XPeng (NYSE:XPEV) was upgraded by research analysts at UBS Group from a “sell” rating to a “neutral” rating in a report released on Monday. The firm presently has a $18.00 price target on the stock, up from their prior price target of $8.80. UBS Group’s target price would suggest a potential downside of 2.20% from the stock’s current price.

Other analysts have also issued research reports about the company. Macquarie reissued a “neutral” rating and set a $18.00 price target on shares of XPeng in a report on Friday, February 7th. Citigroup dropped their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Sanford C. Bernstein upped their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research note on Thursday, November 21st. Finally, China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng presently has an average rating of “Moderate Buy” and a consensus target price of $13.93.

XPeng Stock Performance

NYSE:XPEV opened at $18.41 on Monday. The stock has a 50-day simple moving average of $14.27 and a two-hundred day simple moving average of $11.97. XPeng has a 52-week low of $6.55 and a 52-week high of $19.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm has a market capitalization of $17.34 billion, a PE ratio of -21.15 and a beta of 2.77.

Institutional Investors Weigh In On XPeng

A number of hedge funds have recently made changes to their positions in the company. Alibaba Group Holding Ltd lifted its position 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 worth $448,678,000 after buying an additional 6,650,000 shares in the last quarter. TMT General Partner Ltd purchased a new stake in XPeng during the fourth quarter valued at approximately $205,501,000. JPMorgan Chase & Co. raised its position in XPeng by 1,138.1% during the fourth 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 purchased a new stake in XPeng during the third quarter valued at approximately $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in XPeng by 947.5% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock valued at $20,800,000 after purchasing an additional 1,591,750 shares during the period. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

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.