XPeng (NYSE:XPEV) Trading 4.4% Higher - Still a Buy?

XPeng Inc. (NYSE:XPEV - Get Free Report)'s share price shot up 4.4% during mid-day trading on Tuesday . The company traded as high as $12.98 and last traded at $12.94. 3,054,200 shares were traded during mid-day trading, a decline of 77% from the average session volume of 13,518,657 shares. The stock had previously closed at $12.39.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XPEV. Macquarie upgraded shares of XPeng from a "neutral" rating to an "outperform" rating in a research note on Friday, August 30th. China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price on the stock in a research note on Friday, November 22nd. UBS Group restated a "sell" rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. The Goldman Sachs Group lowered shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price on the stock. in a research note on Thursday, November 21st. Finally, Citigroup dropped their price objective on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.69.

XPeng Trading Up 3.6 %

The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of -14.76 and a beta of 2.76. The firm has a 50-day moving average price of $12.27 and a 200-day moving average price of $9.80. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Institutional Trading of XPeng

A number of institutional investors have recently bought and sold shares of XPEV. Allspring Global Investments Holdings LLC acquired a new stake in shares of XPeng in the third quarter worth about $45,000. Harel Insurance Investments & Financial Services Ltd. lifted 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 last quarter. Venturi Wealth Management LLC acquired a new stake in shares of XPeng in the third quarter worth about $110,000. Blue Trust Inc. lifted its position in shares of XPeng by 2,615.9% in the second quarter. Blue Trust Inc. now owns 9,750 shares of the company's stock worth $75,000 after buying an additional 9,391 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new position in shares of XPeng in the third quarter worth about $129,000. Institutional investors and hedge funds own 21.09% 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.