XPeng (NYSE:XPEV) Given “Sell” Rating at UBS Group

UBS Group reaffirmed their sell rating on shares of XPeng (NYSE:XPEV) in a research note released on Thursday morning, MarketBeat reports. UBS Group currently has a $8.80 price objective on the stock, up from their previous price objective of $8.20.

Other equities research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. 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 research note on Friday, November 22nd. Macquarie raised shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.69.

XPeng Trading Down 1.9 %

Shares of XPeng stock opened at $12.54 on Thursday. XPeng has a 12-month low of $6.55 and a 12-month high of $16.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company’s fifty day simple moving average is $12.24 and its two-hundred day simple moving average is $9.54.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in XPeng in the second quarter worth about $1,006,000. Point72 Hong Kong Ltd bought a new position in XPeng during the third quarter valued at approximately $22,047,000. Central Asset Investments & Management Holdings HK Ltd lifted its position in XPeng by 36.0% during the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock valued at $4,969,000 after purchasing an additional 108,000 shares during the period. Bank of Montreal Can lifted its position in XPeng by 212.1% during the second quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after purchasing an additional 2,724,549 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in XPeng by 119.6% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 111,364 shares of the company’s stock valued at $816,000 after purchasing an additional 60,643 shares during the period. 23.05% of the stock is 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.