Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.89 and last traded at $15.70, with a volume of 5589820 shares trading hands. The stock had previously closed at $14.81.
Wall Street Analyst Weigh In
A number of research firms have issued reports on XPEV. China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. UBS Group reissued a "sell" rating and issued a $8.80 price target (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. Citigroup cut their price objective on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a report on Wednesday, November 20th. The Goldman Sachs Group cut XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective for the company. in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein upped their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, XPeng currently has an average rating of "Moderate Buy" and an average price target of $11.69.
View Our Latest Stock Report on XPEV
XPeng Trading Up 3.1 %
The stock has a market cap of $14.78 billion, a PE ratio of -18.04 and a beta of 2.74. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is $12.97 and its 200 day moving average price is $11.03.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of XPeng in the 3rd quarter worth $6,233,000. FMR LLC grew its position in XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company's stock valued at $3,941,000 after buying an additional 295,536 shares during the period. TMT General Partner Ltd purchased a new stake in shares of XPeng in the fourth quarter valued at approximately $205,501,000. Renaissance Technologies LLC purchased a new position in XPeng in the 2nd quarter valued at about $1,006,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of XPeng during the third quarter worth $22,047,000. Institutional investors own 21.09% of the company's stock.
XPeng Company Profile
(
Get Free Report)
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.
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