XPeng (NYSE:XPEV) Shares Gap Up – Should You Buy?

XPeng Inc. (NYSE:XPEV) gapped up prior to trading on Tuesday . The stock had previously closed at $15.69, but opened at $16.54. XPeng shares last traded at $16.92, with a volume of 5,095,052 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group reissued a “sell” rating and set a $8.80 price target (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Sanford C. Bernstein increased their target price on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. China Renaissance raised 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. The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research report on Thursday, November 21st. Finally, Citigroup decreased 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.69.

XPeng Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of -19.01 and a beta of 2.77. The business’s 50-day moving average price is $13.26 and its two-hundred day moving average price is $11.18.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Avior Wealth Management LLC increased its stake in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in XPeng in the 4th quarter valued at about $41,000. Allspring Global Investments Holdings LLC acquired a new position in shares of XPeng during the 3rd quarter valued at about $45,000. Compagnie Lombard Odier SCmA lifted its holdings in shares of XPeng by 1,703.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock worth $96,000 after acquiring an additional 7,665 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in shares of XPeng in the third quarter worth approximately $110,000. Hedge funds and other 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.