XPeng (NYSE:XPEV) Stock Price Up 4.1% - Here's What Happened

XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price traded up 4.1% during trading on Thursday . The company traded as high as $13.62 and last traded at $13.51. 1,752,792 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 13,342,869 shares. The stock had previously closed at $12.98.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XPEV shares. Citigroup dropped their price objective on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a report on Wednesday, November 20th. UBS Group reaffirmed 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. JPMorgan Chase & Co. upgraded shares of XPeng from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $8.00 to $11.50 in a report on Thursday, September 5th. Macquarie raised shares of XPeng from a "neutral" rating to an "outperform" rating in a report on Friday, August 30th. Finally, China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given 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 $11.69.

XPeng Trading Up 2.2 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm has a market capitalization of $12.49 billion, a PE ratio of -15.24 and a beta of 2.76. The stock's 50-day simple moving average is $12.36 and its 200-day simple moving average is $9.98.

Institutional Trading of XPeng

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of XPeng in the 3rd quarter valued at approximately $45,000. Venturi Wealth Management LLC purchased a new position in XPeng during the third quarter valued at $110,000. Susquehanna International Securities Ltd. bought a new stake in shares of XPeng during the 2nd quarter valued at $129,000. Atomi Financial Group Inc. bought a new position in shares of XPeng in the 3rd quarter worth about $129,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of XPeng by 24.3% during the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company's stock valued at $163,000 after purchasing an additional 2,609 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

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.