XPeng (NYSE:XPEV) Shares Gap Up – What’s Next?

XPeng Inc. (NYSE:XPEV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.75, but opened at $12.23. XPeng shares last traded at $12.77, with a volume of 3,968,387 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research report on Friday, November 22nd. Citigroup dropped their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research note on Thursday, November 21st. Sanford C. Bernstein upped their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Finally, UBS Group reissued a “sell” rating and set a $8.80 price target (up from $8.20) on shares of XPeng in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.69.

XPeng Stock Performance

The business’s fifty day simple moving average is $12.58 and its 200-day simple moving average is $10.31. The firm has a market cap of $11.48 billion, a P/E ratio of -14.01 and a beta of 2.74. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Institutional Trading of XPeng

Several large investors have recently modified their holdings of XPEV. Allspring Global Investments Holdings LLC bought a new position in XPeng during the 3rd quarter valued at approximately $45,000. Venturi Wealth Management LLC bought a new stake in XPeng in the third quarter valued at $110,000. Susquehanna International Securities Ltd. purchased a new position in XPeng during the 2nd quarter valued at $129,000. Atomi Financial Group Inc. bought a new position in XPeng in the 3rd quarter worth $129,000. Finally, Sequoia Financial Advisors LLC raised its holdings in XPeng by 24.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock worth $163,000 after purchasing an additional 2,609 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

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.