Macquarie Reiterates Neutral Rating for XPeng (NYSE:XPEV)

Macquarie reaffirmed their neutral rating on shares of XPeng (NYSE:XPEV - Free Report) in a research note published on Friday morning, Marketbeat.com reports. They currently have a $18.00 price objective on the stock.

Several other equities analysts have also weighed in on the company. Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. The Goldman Sachs Group cut XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective on the stock. in a research note on Thursday, November 21st. China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. Citigroup dropped their price target on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. Finally, UBS Group reissued a "sell" rating and set a $8.80 target price (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, XPeng presently has an average rating of "Moderate Buy" and a consensus price target of $12.91.

XPeng Stock Performance

Shares of NYSE XPEV traded down $1.11 during mid-day trading on Friday, reaching $15.55. 11,178,299 shares of the company's stock were exchanged, compared to its average volume of 10,696,904. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of -17.86 and a beta of 2.77. The firm has a 50-day moving average price of $13.54 and a two-hundred day moving average price of $11.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng has a 52 week low of $6.55 and a 52 week high of $17.70.

Institutional Trading of XPeng

Several institutional investors and hedge funds have recently made changes to their positions in XPEV. EverSource Wealth Advisors LLC boosted its holdings in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares in the last quarter. Avior Wealth Management LLC boosted its stake in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after buying an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its stake in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after buying an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of XPeng during the 4th quarter valued at $41,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in XPeng in the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

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.