XPeng (NYSE:XPEV) Shares Gap Up – What’s Next?

XPeng Inc. (NYSE:XPEV)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $11.75, but opened at $12.23. XPeng shares last traded at $12.77, with a volume of 3,968,387 shares changing hands.

Analyst Upgrades and Downgrades

XPEV has been the subject of several analyst reports. Citigroup cut their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. UBS Group restated a “sell” rating and issued a $8.80 price target (up previously from $8.20) on shares of XPeng in a report on Thursday, December 5th. Sanford C. Bernstein increased their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. China Renaissance upgraded shares of 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. Finally, The Goldman Sachs Group lowered shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.69.

XPeng Stock Up 6.0 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm has a market capitalization of $11.74 billion, a P/E ratio of -14.32 and a beta of 2.74. The stock has a fifty day moving average price of $12.54 and a two-hundred day moving average price of $10.26.

Institutional Trading of XPeng

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of XPeng in the 3rd quarter worth approximately $45,000. Venturi Wealth Management LLC bought a new stake in XPeng in the third quarter valued at $110,000. Atomi Financial Group Inc. acquired a new position in shares of XPeng during the third quarter valued at $129,000. Sequoia Financial Advisors LLC increased its position in XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after acquiring an additional 2,609 shares during the period. Finally, Azzad Asset Management Inc. ADV acquired a new position in XPeng during the 3rd quarter valued at about $172,000. 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.