XPeng Inc. (NYSE:XPEV - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $11.81, but opened at $12.88. XPeng shares last traded at $13.00, with a volume of 2,916,721 shares changing hands.
Wall Street Analysts Forecast Growth
XPEV has been the subject of several research analyst reports. Sanford C. Bernstein upped their price objective on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. Citigroup cut their price target on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a report on Wednesday, November 20th. UBS Group reaffirmed a "sell" rating and issued a $8.80 price objective (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. 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. Finally, The Goldman Sachs Group cut shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price for the company. in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, XPeng presently has an average rating of "Moderate Buy" and a consensus target price of $11.69.
View Our Latest Analysis on XPEV
XPeng Price 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 cap of $13.03 billion, a price-to-earnings ratio of -15.90 and a beta of 2.74. The stock's fifty day moving average price is $12.62 and its 200-day moving average price is $10.47.
Institutional Trading of XPeng
Several hedge funds and other institutional investors have recently modified their holdings of XPEV. Allspring Global Investments Holdings LLC acquired a new position in XPeng during the third quarter valued at $45,000. Venturi Wealth Management LLC purchased a new position in XPeng during the 3rd quarter valued at about $110,000. Susquehanna International Securities Ltd. acquired a new position in shares of XPeng in the 2nd quarter valued at about $129,000. Atomi Financial Group Inc. purchased a new stake in shares of XPeng in the third quarter worth approximately $129,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of XPeng by 24.3% in the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company's stock worth $163,000 after purchasing an additional 2,609 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.
About XPeng
(
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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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