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

XPeng Inc. (NYSE:XPEV) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.43 and last traded at $19.35, with a volume of 603539 shares trading hands. The stock had previously closed at $18.14.

Analyst Ratings Changes

XPEV has been the topic of a number of recent analyst reports. Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a report on Friday, February 7th. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research report on Friday, November 22nd. UBS Group raised XPeng from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $8.80 to $18.00 in a research note on Monday. Citigroup cut their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.93.

XPeng Trading Up 4.5 %

The company has a market cap of $17.85 billion, a PE ratio of -21.75 and a beta of 2.77. The stock has a fifty day moving average of $14.38 and a 200-day moving average of $12.04. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock valued at $3,001,000 after buying an additional 31,538 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in XPeng during the 3rd quarter valued at approximately $6,233,000. FMR LLC grew its position in XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after purchasing an additional 295,536 shares during the period. Savant Capital LLC acquired a new position in shares of XPeng in the 4th quarter valued at about $229,000. Finally, TMT General Partner Ltd acquired a new stake in XPeng during the fourth quarter worth about $205,501,000. 21.09% of the stock is currently 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.