XPeng (NYSE:XPEV) Hits New 1-Year High – Should You Buy?

Shares of XPeng Inc. (NYSE:XPEV) hit a new 52-week high on Thursday . The company traded as high as $15.89 and last traded at $15.70, with a volume of 5589820 shares changing hands. The stock had previously closed at $14.81.

Analyst Ratings Changes

XPEV has been the subject of several recent research reports. UBS Group reissued a “sell” rating and issued a $8.80 price objective (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. Citigroup decreased their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng currently has an average rating of “Moderate Buy” and a consensus target price of $11.69.

XPeng Trading Down 2.6 %

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 stock has a market capitalization of $14.29 billion, a P/E ratio of -17.43 and a beta of 2.74. The firm’s 50-day simple moving average is $12.97 and its 200 day simple moving average is $11.00.

Institutional Trading of XPeng

A number of hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in shares of XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after acquiring an additional 2,564 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng during the 4th quarter valued at $41,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of XPeng in the third quarter valued at $45,000. Compagnie Lombard Odier SCmA grew its holdings in shares of XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after buying an additional 7,665 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of XPeng during the third quarter valued at $110,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

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.