XPeng (NYSE:XPEV) Stock Price Up 6.4% – What’s Next?

XPeng Inc. (NYSE:XPEV) shares traded up 6.4% on Monday . The stock traded as high as $16.02 and last traded at $16.20. 6,145,231 shares traded hands during trading, a decline of 38% from the average session volume of 9,865,255 shares. The stock had previously closed at $15.22.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group restated a “sell” rating and issued a $8.80 price objective (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Sanford C. Bernstein raised their price objective on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group downgraded 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. Citigroup reduced their price target 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. Finally, China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.69.

XPeng Stock Performance

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’s 50 day moving average price is $12.97 and its two-hundred day moving average price is $11.03. The firm has a market capitalization of $14.78 billion, a PE ratio of -18.04 and a beta of 2.77.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XPEV. TMT General Partner Ltd purchased a new stake in XPeng in the 4th quarter worth approximately $205,501,000. Point72 Hong Kong Ltd acquired a new position in shares of XPeng in the 3rd quarter valued at $22,047,000. Y Intercept Hong Kong Ltd acquired a new position in shares of XPeng in the 3rd quarter valued at $6,233,000. Central Asset Investments & Management Holdings HK Ltd boosted its holdings in shares of XPeng by 36.0% in the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock valued at $4,969,000 after purchasing an additional 108,000 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after purchasing an additional 295,536 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other 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.