UBS Group Reiterates “Sell” Rating for XPeng (NYSE:XPEV)

XPeng (NYSE:XPEV)‘s stock had its “sell” rating reissued by research analysts at UBS Group in a report released on Thursday, Marketbeat.com reports. They currently have a $8.80 price target on the stock, up from their prior price target of $8.20. UBS Group’s price target points to a potential downside of 30.60% from the stock’s previous close.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group downgraded 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. Citigroup dropped their price objective on shares of 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 boosted their target price on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded XPeng from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $8.00 to $11.50 in a research note on Thursday, September 5th. Finally, Bank of America reduced their price objective on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.69.

XPeng Stock Down 0.8 %

Shares of XPeng stock traded down $0.10 during trading on Thursday, hitting $12.68. The company’s stock had a trading volume of 8,314,099 shares, compared to its average volume of 13,580,600. 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 company has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $9.52. XPeng has a 52 week low of $6.55 and a 52 week high of $16.98. The company has a market capitalization of $11.94 billion, a PE ratio of -14.57 and a beta of 2.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of Montreal Can boosted 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 worth $31,910,000 after purchasing an additional 2,724,549 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of XPeng in the third quarter valued at about $22,047,000. Primecap Management Co. CA boosted its holdings in XPeng by 5.6% in the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock worth $120,369,000 after buying an additional 872,160 shares during the last quarter. Point72 Europe London LLP purchased a new stake in shares of XPeng during the second quarter worth approximately $5,923,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in XPeng during the 3rd quarter worth $6,233,000. Institutional investors and hedge funds own 23.05% of the company’s stock.

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.