XPeng (NYSE:XPEV) Trading 4.4% Higher – Should You Buy?

XPeng Inc. (NYSE:XPEV) shares traded up 4.4% on Thursday . The company traded as high as $25.68 and last traded at $25.81. 11,452,989 shares traded hands during trading, a decline of 14% from the average session volume of 13,252,163 shares. The stock had previously closed at $24.73.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. Sanford C. Bernstein raised 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. UBS Group raised XPeng from a “sell” rating to a “neutral” rating and raised their price target for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. 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 note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.63.

XPeng Price Performance

The firm has a market capitalization of $22.34 billion, a P/E ratio of -27.26 and a beta of 2.68. The stock has a 50 day moving average of $17.22 and a two-hundred day moving average of $13.49. 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 Trading of XPeng

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after buying an additional 898 shares during the last quarter. Avior Wealth Management LLC grew its holdings in XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares during the last quarter. Lindbrook Capital LLC grew its holdings in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng in the 4th quarter valued at approximately $41,000. Finally, Natixis acquired a new stake in XPeng in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.