XPeng (NYSE:XPEV) Sets New 12-Month High – Should You Buy?

XPeng Inc. (NYSE:XPEV)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $15.89 and last traded at $15.70, with a volume of 5589820 shares trading hands. The stock had previously closed at $14.81.

Analysts Set New Price Targets

Several equities analysts have commented on XPEV shares. Sanford C. Bernstein increased their price target on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group downgraded shares of 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. Citigroup reduced their price target 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. UBS Group restated a “sell” rating and issued a $8.80 price objective (up previously from $8.20) on shares of XPeng in a research note on Thursday, December 5th. Finally, China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research report on Friday, November 22nd. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and an average price target of $11.69.

XPeng Trading Up 5.0 %

The firm has a market cap of $14.65 billion, a price-to-earnings ratio of -17.88 and a beta of 2.74. The business has a fifty day moving average of $12.84 and a two-hundred day moving average of $10.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

Institutional Investors Weigh In On XPeng

A number of large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC grew its holdings in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after buying an additional 2,564 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in XPeng during the fourth quarter worth approximately $41,000. Allspring Global Investments Holdings LLC purchased a new stake in XPeng in the 3rd quarter worth approximately $45,000. Compagnie Lombard Odier SCmA raised its holdings in XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in XPeng in the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.