XPeng (NYSE:XPEV) Stock Price Up 5% – Should You Buy?

Shares of XPeng Inc. (NYSE:XPEV) rose 5% on Thursday . The stock traded as high as $22.50 and last traded at $22.74. Approximately 3,985,205 shares were traded during trading, a decline of 70% from the average daily volume of 13,073,328 shares. The stock had previously closed at $21.66.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a report on Thursday, November 21st. Sanford C. Bernstein raised their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Citigroup decreased their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. Finally, UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and lifted their target price for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.93.

XPeng Trading Up 2.5 %

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’s fifty day moving average is $15.54 and its 200-day moving average is $12.70. The firm has a market cap of $20.92 billion, a price-to-earnings ratio of -25.61 and a beta of 2.68.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of XPeng by 55.8% during 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 during the period. Avior Wealth Management LLC increased its stake in XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC raised its holdings in 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 buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of XPeng in the fourth quarter valued at $41,000. Finally, Natixis acquired a new position in shares of XPeng during the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 21.09% 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.