XPeng (NYSE:XPEV) Trading 4.8% Higher

XPeng Inc. (NYSE:XPEV) traded up 4.8% during trading on Monday . The stock traded as high as $7.72 and last traded at $7.68. 6,037,010 shares were traded during mid-day trading, a decline of 55% from the average session volume of 13,470,348 shares. The stock had previously closed at $7.33.

Analyst Ratings Changes

Several equities analysts recently issued reports on XPEV shares. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Thursday, May 23rd. Macquarie initiated coverage on shares of XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 price target for the company. Daiwa America raised shares of XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup upgraded XPeng from a “sell” rating to a “neutral” rating and raised their price target for the stock from $7.70 to $8.30 in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng presently has an average rating of “Hold” and a consensus price target of $16.28.

XPeng Stock Performance

The stock has a 50-day moving average price of $8.00 and a 200-day moving average price of $9.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of -5.19 and a beta of 2.76.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, May 21st. The company reported ($0.20) EPS for the quarter. The firm had revenue of $906.90 million during the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. As a group, analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its holdings in XPeng by 100.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company’s stock worth $8,864,000 after purchasing an additional 550,000 shares in the last quarter. Tidal Investments LLC lifted its position in shares of XPeng by 25.2% during the 1st quarter. Tidal Investments LLC now owns 93,420 shares of the company’s stock valued at $717,000 after acquiring an additional 18,826 shares during the period. Alpine Global Management LLC acquired a new stake in shares of XPeng in the 1st quarter valued at about $307,000. Natixis bought a new stake in XPeng during the 1st quarter valued at $38,000. Finally, Seven Eight Capital LP increased its position in shares of XPeng by 2,254.4% during the first quarter. Seven Eight Capital LP now owns 284,155 shares of the company’s stock worth $2,182,000 after acquiring an additional 272,086 shares in the last quarter. Institutional investors own 23.05% 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.