XPeng (NYSE:XPEV) Stock Price Up 6.4% – Still a Buy?

XPeng Inc. (NYSE:XPEV)’s stock price rose 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 traded hands during trading, a decline of 38% from the average daily volume of 9,865,255 shares. The stock had previously closed at $15.22.

Analyst Ratings Changes

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

XPeng Stock Up 3.1 %

The stock has a market cap of $14.78 billion, a PE ratio of -18.04 and a beta of 2.77. The firm has a fifty day moving average of $12.97 and a 200 day moving average of $11.03. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On XPeng

Large investors have recently bought and sold shares of the business. Greenleaf Trust grew its holdings in shares of XPeng by 16.2% during the third quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock worth $196,000 after purchasing an additional 2,243 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings 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 worth $163,000 after purchasing an additional 2,609 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of XPeng during the fourth quarter worth about $41,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of XPeng during the third quarter worth about $45,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

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.