XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price traded up 7.2% during mid-day trading on Tuesday . The stock traded as high as $7.97 and last traded at $7.91. 4,289,374 shares traded 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. decreased their price objective on XPeng from $19.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, XPeng presently has a consensus rating of "Hold" and a consensus price target of $18.64.
Get Our Latest Research Report on XPeng
XPeng Stock Up 9.3 %
The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $8.81 and a two-hundred day simple moving average of $12.72. The firm has a market capitalization of $6.95 billion, a P/E ratio of -4.80 and a beta of 2.93.
Institutional Trading of XPeng
Several hedge funds have recently bought and sold shares of XPEV. E Fund Management Hong Kong Co. Ltd. increased its stake in XPeng by 137.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 228,925 shares of the company's stock worth $6,089,000 after acquiring an additional 132,487 shares during the last quarter. American Century Companies Inc. raised its stake in XPeng by 8.3% during the first quarter. American Century Companies Inc. now owns 29,681 shares of the company's stock valued at $819,000 after purchasing an additional 2,266 shares in the last quarter. US Bancorp DE raised its stake in XPeng by 13.9% during the first quarter. US Bancorp DE now owns 6,271 shares of the company's stock valued at $173,000 after purchasing an additional 767 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of XPeng by 37.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,385 shares of the company's stock worth $507,000 after buying an additional 5,021 shares in the last quarter. Finally, BlackRock Inc. increased 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 worth $557,756,000 after buying an additional 619,993 shares during the last quarter. Hedge funds and other institutional investors own 23.05% of the company's stock.
About XPeng
(
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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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