XPeng (NYSE:XPEV) Stock Price Up 4.9% – Still a Buy?

XPeng Inc. (NYSE:XPEV)’s share price was up 4.9% during trading on Tuesday . The stock traded as high as $11.38 and last traded at $11.35. Approximately 4,252,691 shares changed hands during trading, a decline of 68% from the average daily volume of 13,461,522 shares. The stock had previously closed at $10.82.

Analyst Upgrades and Downgrades

XPEV has been the subject of several research analyst reports. Citigroup decreased their price target on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. Bank of America dropped their price target on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised shares of XPeng from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.42.

XPeng Trading Up 1.9 %

The company has a quick ratio of 1.31, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $9.60 and a 200-day moving average of $8.52. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of -7.59 and a beta of 2.79.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $1.12 billion during the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. As a group, research analysts forecast that XPeng Inc. 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 added to or reduced their stakes in the business. Greenleaf Trust raised its position in shares of XPeng by 16.2% during the third quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock valued at $196,000 after buying an additional 2,243 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position 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 worth $163,000 after acquiring an additional 2,609 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of XPeng by 122.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock worth $39,000 after purchasing an additional 2,920 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of XPeng during the third quarter valued at approximately $45,000. Finally, Signaturefd LLC lifted its position in XPeng by 19.4% in the second quarter. Signaturefd LLC now owns 24,647 shares of the company’s stock worth $181,000 after purchasing an additional 4,002 shares during the period. Institutional investors and hedge funds own 23.05% of the company’s stock.

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.