XPeng (NYSE:XPEV) Trading 5.4% Higher – Should You Buy?

XPeng Inc. (NYSE:XPEV)’s stock price was up 5.4% during trading on Wednesday . The company traded as high as $12.79 and last traded at $12.78. Approximately 8,350,914 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 13,415,304 shares. The stock had previously closed at $12.13.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XPEV shares. Bank of America reduced their target price on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Citigroup dropped their price objective on XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised XPeng from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $9.42.

XPeng Price Performance

The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of -8.19 and a beta of 2.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50. The company has a 50 day moving average of $8.84 and a 200 day moving average of $8.29.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The company had revenue of $1.12 billion for the quarter. As a group, equities research analysts anticipate that XPeng Inc. will post -0.95 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of XPEV. Caas Capital Management LP acquired a new position in shares of XPeng during the 4th quarter worth about $153,000. Scarborough Advisors LLC acquired a new position in shares of XPeng during the 4th quarter worth about $52,000. Virtu Financial LLC acquired a new position in shares of XPeng during the 4th quarter worth about $943,000. Electron Capital Partners LLC acquired a new position in shares of XPeng during the 4th quarter worth about $26,047,000. Finally, Ballentine Partners LLC boosted its position in shares of XPeng by 47.0% during the 1st quarter. Ballentine Partners LLC now owns 19,933 shares of the company’s stock worth $153,000 after acquiring an additional 6,376 shares in the last quarter. 23.05% of the stock is owned by institutional investors and hedge funds.

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.