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.
Key Points
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XPeng (NYSE:XPEV) has received a sell (D-) rating from Weiss Ratings, indicating a negative outlook on the stock.
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Bank of America increased its price target for XPeng from $25 to $26 and assigned a "buy" rating, while several analysts hold varying ratings including "Strong Buy," "Buy," and "Hold."
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The stock closed at $21.91 with a market capitalization of approximately $20.79 billion, reflecting a 2% increase during the trading session.
XPeng (NYSE:XPEV) $XPeng Inc.(XPEV)$ stock had its "sell (d-)" rating reiterated by Weiss Ratings in a note issued to investors on Friday.
Several other research analysts have also recently weighed in on XPEV. BNP Paribas initiated coverage on shares of XPeng in a report on Monday, August 18th. They issued a "hold" rating for the company.
BNP Paribas Exane assumed coverage on shares of XPeng in a report on Monday, August 18th. They issued a "neutral" rating and a $19.00 price target for the company.
Bank of America increased their target price on shares of XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th.
Citigroup upped their price target on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research report on Wednesday, August 20th.
Finally, Macquarie upped their price target on shares of XPeng from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock.
XPeng Trading Up 2.0%
NYSE XPEV traded up $0.44 during trading on Friday, reaching $21.91. 2,818,145 shares of the stock traded hands, compared to its average volume of 9,364,576. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -34.80 and a beta of 2.54. The stock's 50-day moving average price is $21.74 and its 200 day moving average price is $20.03. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. XPeng has a fifty-two week low of $10.69 and a fifty-two week high of $27.16.
Hedge Funds Weigh In On XPeng
Several large investors have recently modified their holdings of XPEV.
Cambridge Investment Research Advisors Inc. bought a new position in shares of XPeng in the first quarter valued at about $260,000.
Aaron Wealth Advisors LLC bought a new position in shares of XPeng in the first quarter valued at about $210,000.
GF Fund Management CO. LTD. bought a new position in shares of XPeng in the first quarter valued at about $454,000.
Crossmark Global Holdings Inc. bought a new position in shares of XPeng in the first quarter valued at about $284,000.
Finally, Ballentine Partners LLC raised its position in shares of XPeng by 5.3% in the first quarter. Ballentine Partners LLC now owns 22,798 shares of the company's stock valued at $472,000 after purchasing an additional 1,151 shares during the period. 21.09% of the stock is owned by institutional investors.
Should You Invest in XPeng Right Now?
I will sell first and back later, the market is bullish recently and the price of this stock currently is definitely not due to its foundation but instead a temporary spike following the market.
If you are a long term investor, you can buy but if you are trader I will advise shorting it at this point of writing.
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