Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $20.22, but opened at $21.45. XPeng shares last traded at $21.34, with a volume of 2,009,086 shares trading hands.
Analyst Ratings Changes
XPEV has been the subject of a number of research reports. The Goldman Sachs Group downgraded 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. Sanford C. Bernstein raised their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective on the stock in a report on Friday, November 22nd. UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and raised their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Finally, Macquarie restated a "neutral" rating and set a $18.00 target price on shares of XPeng in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, XPeng currently has a consensus rating of "Moderate Buy" and an average target price of $15.63.
View Our Latest Analysis on XPeng
XPeng Trading Down 3.0 %
The company has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $13.08. The company has a market capitalization of $21.57 billion, a PE ratio of -26.32 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in XPEV. EverSource Wealth Advisors LLC boosted its stake in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after buying an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its position 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 acquiring an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in XPeng during the 4th quarter valued at about $41,000. Finally, Natixis acquired a new stake in XPeng in the 4th quarter valued at about $43,000. 21.09% of the stock is owned by institutional investors and hedge funds.
About XPeng
(
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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