XPeng (NYSE:XPEV) Trading Up 4.4% – Time to Buy?

XPeng Inc. (NYSE:XPEV)’s stock price was up 4.4% during trading on Thursday . The company traded as high as $25.68 and last traded at $25.81. Approximately 11,452,989 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 13,252,163 shares. The stock had previously closed at $24.73.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XPEV. Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.70 to $29.00 in a research report on Monday. Sanford C. Bernstein upped their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and upped their target price for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, XPeng presently has an average rating of “Moderate Buy” and an average price target of $15.63.

XPeng Stock Performance

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 firm has a market capitalization of $23.90 billion, a P/E ratio of -29.16 and a beta of 2.68. The stock’s 50 day moving average is $16.70 and its two-hundred day moving average is $13.29.

Institutional Investors Weigh In On XPeng

A number of institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in XPeng by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock valued at $154,000 after purchasing an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after purchasing an additional 898 shares in the last quarter. Quadrant Capital Group LLC increased its stake in XPeng by 3.9% in the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock valued at $286,000 after purchasing an additional 913 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock worth $170,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after acquiring an additional 1,138 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

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.