XPeng (NYSE:XPEV) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of XPeng (NYSE:XPEV - Free Report) from a neutral rating to a buy rating in a research report released on Tuesday, Marketbeat reports. The firm currently has $24.00 target price on the stock, up from their prior target price of $16.40.

XPEV has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price target on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, March 19th. Morgan Stanley set a $28.00 price objective on shares of XPeng and gave the stock an "overweight" rating in a report on Thursday, June 12th. Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Citigroup raised shares of XPeng from a "neutral" rating to a "buy" rating and upped their price target for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.73.

XPeng Stock Performance

Shares of XPEV stock traded down $0.28 during trading hours on Tuesday, reaching $18.33. The stock had a trading volume of 6,114,342 shares, compared to its average volume of 11,857,723. The firm has a market capitalization of $17.40 billion, a PE ratio of -24.44 and a beta of 2.58. The firm has a 50-day simple moving average of $19.69 and a 200-day simple moving average of $17.74. XPeng has a twelve month low of $6.60 and a twelve month high of $27.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($1.51) by $1.41. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. As a group, equities analysts forecast that XPeng will post -0.96 earnings per share for the current year.

Institutional Trading of XPeng

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. Farther Finance Advisors LLC boosted its holdings in XPeng by 70.1% during the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after buying an additional 532 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after acquiring an additional 898 shares during the last quarter. Atlas Capital Advisors Inc. lifted its position in shares of XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after acquiring an additional 1,302 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of XPeng during the 1st quarter worth $39,000. Finally, Lindbrook Capital LLC grew its holdings in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after acquiring an additional 1,138 shares during the last quarter. 21.09% of the stock is currently owned by institutional investors.

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.