XPeng (NYSE:XPEV) Stock Price Up 6.4% - Time to Buy?

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) were up 6.4% during trading on Monday . The company traded as high as $16.02 and last traded at $16.20. Approximately 6,145,231 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 9,865,255 shares. The stock had previously closed at $15.22.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group cut shares of 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. China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target for the company in a report on Friday, November 22nd. UBS Group restated a "sell" rating and set a $8.80 price objective (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. 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. Finally, Citigroup reduced 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 analyst has rated the stock with a sell rating, three have issued 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 presently has an average rating of "Moderate Buy" and a consensus price target of $11.69.

XPeng Stock Up 3.1 %

The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of -19.60 and a beta of 2.77. The stock has a 50-day moving average of $13.26 and a 200-day moving average of $11.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Avior Wealth Management LLC lifted its stake in XPeng by 1,215.2% during the fourth 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 boosted its stake in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after acquiring an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of XPeng in the 4th quarter worth $41,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of XPeng during the third quarter worth $45,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in XPeng by 1,703.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock worth $96,000 after buying an additional 7,665 shares during the period. 21.09% of the stock is owned by institutional investors and hedge funds.

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.