XPeng (NYSE:XPEV) Shares Up 8.7% - Still a Buy?

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

Analysts Set New Price Targets

A number of research firms have weighed in on XPEV. Macquarie reissued a "neutral" rating and issued a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. UBS Group reissued a "sell" rating and issued a $8.80 price objective (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Citigroup decreased their price objective on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a research report on Wednesday, November 20th. 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. Finally, China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, XPeng currently has an average rating of "Moderate Buy" and a consensus price target of $12.91.

XPeng Trading Up 4.0 %

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 stock has a market cap of $17.34 billion, a P/E ratio of -21.15 and a beta of 2.77. The firm's 50-day simple moving average is $14.27 and its 200 day simple moving average is $11.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in XPeng during the fourth quarter worth approximately $70,000. Vise Technologies Inc. purchased a new stake in shares of XPeng in the 4th quarter valued at approximately $142,000. Vident Advisory LLC lifted its position in shares of XPeng by 7.6% in the 4th quarter. Vident Advisory LLC now owns 53,632 shares of the company's stock valued at $634,000 after acquiring an additional 3,810 shares in the last quarter. Twinbeech Capital LP lifted its position in shares of XPeng by 22.4% in the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company's stock valued at $4,812,000 after acquiring an additional 74,574 shares in the last quarter. Finally, Polar Capital Holdings Plc purchased a new stake in shares of XPeng in the 4th quarter valued at approximately $6,596,000. 21.09% of the stock is currently owned by institutional investors.

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.