XPeng (NYSE:XPEV) Shares Up 6.9%

XPeng Inc. (NYSE:XPEV - Get Free Report) was up 6.9% during mid-day trading on Thursday . The company traded as high as $9.24 and last traded at $9.24. Approximately 2,253,860 shares traded hands during trading, a decline of 82% from the average daily volume of 12,835,960 shares. The stock had previously closed at $8.64.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on XPEV shares. Daiwa America raised XPeng to a "strong-buy" rating in a research note on Thursday, May 23rd. Daiwa Capital Markets raised XPeng from a "neutral" rating to a "buy" rating and set a $11.00 price target for the company in a research note on Thursday, May 23rd. Bank of America decreased their price target on XPeng from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised XPeng from a "neutral" rating to an "overweight" rating and increased their price target for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. Finally, Macquarie raised XPeng from a "neutral" rating to an "outperform" rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $12.08.

XPeng Trading Up 8.9 %

The firm has a market capitalization of $8.86 billion, a P/E ratio of -6.34 and a beta of 2.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50. The firm has a 50 day moving average price of $7.96 and a two-hundred day moving average price of $8.09.

XPeng (NYSE:XPEV - Get Free Report) last released 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 for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. On average, equities research analysts expect that XPeng Inc. will post -0.95 EPS for the current fiscal year.

Institutional Trading of XPeng

Hedge funds and other institutional investors have recently modified their holdings of the business. Scarborough Advisors LLC acquired a new stake in shares of XPeng in the fourth quarter worth $52,000. Natixis acquired a new stake in shares of XPeng in the first quarter worth $38,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of XPeng by 122.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company's stock worth $39,000 after buying an additional 2,920 shares during the period. Blue Trust Inc. raised its holdings in shares of XPeng by 2,615.9% during the second quarter. Blue Trust Inc. now owns 9,750 shares of the company's stock worth $75,000 after acquiring an additional 9,391 shares in the last quarter. Finally, Caas Capital Management LP purchased a new stake in shares of XPeng during the fourth quarter worth $153,000. Institutional investors and hedge funds own 23.05% 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.