XPeng (NYSE:XPEV) Hits New 52-Week High – What’s Next?

XPeng Inc. (NYSE:XPEV) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.30 and last traded at $16.99, with a volume of 15913955 shares trading hands. The stock had previously closed at $15.69.

Analyst Ratings Changes

Several research firms have recently issued reports on XPEV. Citigroup reduced their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. Sanford C. Bernstein boosted their target price 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. The Goldman Sachs Group downgraded 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. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Finally, UBS Group reiterated a “sell” rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. One research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.69.

XPeng Stock Up 3.1 %

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’s 50 day moving average is $13.26 and its 200 day moving average is $11.18.

Institutional Investors Weigh In On XPeng

Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC grew its holdings in XPeng by 50.7% in 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. SBI Securities Co. Ltd. purchased a new stake in shares of XPeng in the 4th quarter valued at $212,000. Compagnie Lombard Odier SCmA boosted its holdings in XPeng by 1,703.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after purchasing an additional 7,665 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in XPeng by 56.3% during the fourth quarter. Vontobel Holding Ltd. now owns 33,039 shares of the company’s stock worth $391,000 after acquiring an additional 11,902 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of XPeng by 14.2% during the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after purchasing an additional 31,538 shares during the period. 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.