XPeng (NYSE:XPEV) Trading 6.7% Higher - What's Next?

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) traded up 6.7% during trading on Thursday . The company traded as high as $13.98 and last traded at $13.93. 2,509,734 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 10,032,017 shares. The stock had previously closed at $13.05.

Analyst Upgrades and Downgrades

XPEV has been the topic of a number of research reports. Sanford C. Bernstein raised their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 20th. Citigroup lowered their price objective on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. China Renaissance upgraded XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price for the company in a report on Friday, November 22nd. The Goldman Sachs Group lowered XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price target on the stock. in a report on Thursday, November 21st. Finally, UBS Group reissued a "sell" rating and issued a $8.80 price objective (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.69.

XPeng Stock Up 2.0 %

The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of -16.26 and a beta of 2.74. The business has a 50-day moving average of $12.61 and a 200-day moving average of $10.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

Institutional Investors Weigh In On XPeng

A number of institutional investors have recently made changes to their positions in XPEV. Avior Wealth Management LLC lifted its holdings 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 worth $33,000 after acquiring an additional 2,564 shares during the last quarter. Atomi Financial Group Inc. raised its position in XPeng by 44.9% in the fourth quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company's stock valued at $181,000 after purchasing an additional 4,758 shares during the period. Ballentine Partners LLC boosted its position in shares of XPeng by 23.4% during the fourth quarter. Ballentine Partners LLC now owns 21,647 shares of the company's stock worth $256,000 after buying an additional 4,105 shares during the period. TMT General Partner Ltd purchased a new position in shares of XPeng during the fourth quarter worth $205,501,000. Finally, Virtu Financial LLC acquired a new stake in shares of XPeng in the third quarter valued at $915,000. 21.09% of the stock is currently 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.