XPeng (NYSE:XPEV) Trading Up 4.3%

XPeng Inc. (NYSE:XPEV)’s stock price traded up 4.3% during trading on Wednesday . The stock traded as high as $9.13 and last traded at $9.13. 1,604,941 shares changed hands during trading, a decline of 88% from the average session volume of 12,928,262 shares. The stock had previously closed at $8.75.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XPEV. Citigroup dropped their price target on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, May 23rd. Daiwa America upgraded XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Bank of America lowered their price target on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and increased their price target for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. One research analyst has 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.com, the stock has a consensus rating of “Buy” and an average target price of $12.08.

XPeng Trading Down 5.7 %

The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.11.

XPeng (NYSE:XPEV) last announced its earnings results on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. The company had revenue of $1.12 billion for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. Research analysts anticipate that XPeng Inc. will post -0.94 earnings per share for the current fiscal year.

Institutional Trading of XPeng

Several hedge funds and other institutional investors have recently modified their holdings of XPEV. Jump Financial LLC bought a new position in shares of XPeng during the fourth quarter worth about $326,000. Norges Bank acquired a new stake in shares of XPeng in the fourth quarter valued at approximately $41,993,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of XPeng in the fourth quarter worth $527,000. Primecap Management Co. CA lifted its position in shares of XPeng by 5.3% in the fourth quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company’s stock worth $182,343,000 after purchasing an additional 624,926 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in XPeng during the fourth quarter worth $360,000. Institutional investors and hedge funds own 23.05% 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.