XPeng (NYSE:XPEV) Shares Up 4.1% – Should You Buy?

Shares of XPeng Inc. (NYSE:XPEV) shot up 4.1% during mid-day trading on Thursday . The stock traded as high as $13.62 and last traded at $13.51. 1,752,792 shares changed hands during trading, a decline of 87% from the average session volume of 13,342,869 shares. The stock had previously closed at $12.98.

Analyst Upgrades and Downgrades

XPEV has been the topic of several research analyst reports. UBS Group reiterated a “sell” rating and issued a $8.80 price objective (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised XPeng from a “neutral” rating to an “overweight” rating and upped their price target for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. Citigroup decreased their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein upped their price target on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.69.

XPeng Trading Down 4.8 %

The firm’s 50 day moving average is $12.47 and its 200 day moving average is $10.04. 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 company has a market cap of $11.90 billion, a PE ratio of -14.52 and a beta of 2.76.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Greenleaf Trust raised its position in shares of XPeng by 16.2% in the third quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock worth $196,000 after buying an additional 2,243 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after acquiring an additional 2,609 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of XPeng during the 3rd quarter valued at about $45,000. Signaturefd LLC boosted its position in shares of XPeng by 19.4% during the 2nd quarter. Signaturefd LLC now owns 24,647 shares of the company’s stock valued at $181,000 after acquiring an additional 4,002 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of XPeng by 32.8% during the third quarter. Ballentine Partners LLC now owns 17,542 shares of the company’s stock worth $214,000 after purchasing an additional 4,335 shares in the last quarter. 21.09% of the stock is currently owned by hedge funds and other 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.