XPeng (NYSE:XPEV) Shares Up 6.4% – Should You Buy?

XPeng Inc. (NYSE:XPEV)’s share price rose 6.4% during mid-day trading on Monday . The stock traded as high as $16.02 and last traded at $16.20. Approximately 6,145,231 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 9,865,255 shares. The stock had previously closed at $15.22.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup dropped their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. Sanford C. Bernstein upped their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. Finally, UBS Group reaffirmed a “sell” rating and issued a $8.80 price objective (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and an average target price of $11.69.

XPeng Price Performance

The firm has a market capitalization of $15.58 billion, a P/E ratio of -19.01 and a beta of 2.77. 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 stock’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $11.14.

Institutional Trading of XPeng

A number of institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC raised its stake in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of XPeng in the 4th quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC acquired a new stake in XPeng in the 3rd quarter worth approximately $45,000. Compagnie Lombard Odier SCmA raised its holdings in shares of XPeng by 1,703.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock worth $96,000 after buying an additional 7,665 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in XPeng during the 3rd quarter valued at about $110,000. Institutional investors and hedge funds own 21.09% 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.