XPeng (NYSE:XPEV) Shares Up 8.7% - Time to Buy?

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) were up 8.7% during mid-day trading on Friday . The company traded as high as $19.29 and last traded at $19.24. Approximately 4,158,585 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 10,505,959 shares. The stock had previously closed at $17.70.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XPEV shares. Macquarie reaffirmed a "neutral" rating and issued a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. Citigroup cut their target price on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. The Goldman Sachs Group lowered XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price on the stock. in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein raised their target price on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, XPeng presently has a consensus rating of "Moderate Buy" and an average price target of $12.91.

XPeng Stock Performance

The company has a market cap of $17.34 billion, a price-to-earnings ratio of -21.15 and a beta of 2.77. The firm has a 50-day simple moving average of $14.27 and a 200 day simple moving average of $11.93. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after purchasing an additional 2,564 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of XPeng in the 4th quarter valued at approximately $41,000. Finally, Natixis purchased a new position in shares of XPeng in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 21.09% of the company's stock.

About XPeng

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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