XPeng (NYSE:XPEV) Stock Price Up 8.7% – What’s Next?

by · The Cerbat Gem

XPeng Inc. (NYSE:XPEV – Get Free Report)’s stock price shot up 8.7% on Friday . The stock traded as high as $19.29 and last traded at $19.24. 4,158,585 shares were traded during mid-day trading, a decline of 60% from the average session volume of 10,505,959 shares. The stock had previously closed at $17.70.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. 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 research report on Thursday, November 21st. 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. Sanford C. Bernstein boosted their price objective on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. UBS Group reaffirmed a “sell” rating and set a $8.80 target price (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Finally, Macquarie reissued a “neutral” rating and issued a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.91.

Read Our Latest Analysis on XPEV

XPeng Stock Up 4.9 %

The firm has a market cap of $17.50 billion, a PE ratio of -21.29 and a beta of 2.77. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $11.82.

Hedge Funds Weigh In On XPeng

Several hedge funds have recently made changes to their positions in XPEV. EverSource Wealth Advisors LLC lifted its stake in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after acquiring an additional 898 shares during the period. Avior Wealth Management LLC lifted its stake in shares of XPeng by 1,215.2% during the 4th 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 period. Lindbrook Capital LLC boosted its holdings in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of XPeng in the fourth quarter valued at $41,000. Finally, Natixis purchased a new position in XPeng during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPeng Company Profile

(Get Free Report)

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.

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