To The Moon

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

• XPeng (NYSE:XPEV) has received a sell (D-) rating from Weiss Ratings, indicating a negative outlook on the stock.

• 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."

• 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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