XPeng (NYSE:XPEV) Shares Up 7.2%

by · The Cerbat Gem

Shares of XPeng Inc. (NYSE:XPEV – Get Free Report) shot up 7.2% during trading on Tuesday . The stock traded as high as $7.97 and last traded at $7.91. 4,289,374 shares changed hands during trading, a decline of 68% from the average session volume of 13,610,507 shares. The stock had previously closed at $7.38.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, XPeng presently has a consensus rating of “Hold” and a consensus target price of $18.64.

Get Our Latest Analysis on XPEV

XPeng Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51. The stock has a market cap of $6.94 billion, a P/E ratio of -4.73 and a beta of 2.93. The firm’s 50 day moving average is $8.83 and its 200 day moving average is $12.77.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of XPeng by 3.2% in the 1st quarter. BlackRock Inc. now owns 20,215,942 shares of the company’s stock valued at $557,756,000 after acquiring an additional 619,993 shares during the last quarter. Vanguard Group Inc. boosted its holdings in XPeng by 1.8% during the third quarter. Vanguard Group Inc. now owns 19,696,586 shares of the company’s stock worth $235,374,000 after buying an additional 356,174 shares in the last quarter. Primecap Management Co. CA boosted its holdings in XPeng by 5.3% during the fourth quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company’s stock worth $182,343,000 after buying an additional 624,926 shares in the last quarter. State Street Corp boosted its holdings in XPeng by 3.8% during the second quarter. State Street Corp now owns 7,901,438 shares of the company’s stock worth $250,792,000 after buying an additional 292,396 shares in the last quarter. Finally, Robeco Schweiz AG boosted its holdings in XPeng by 14.9% during the first quarter. Robeco Schweiz AG now owns 5,407,600 shares of the company’s stock worth $149,196,000 after buying an additional 701,600 shares in the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

XPeng Company Profile

(Get Free Report)

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, 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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