XPeng (NYSE:XPEV) Sees Large Volume Increase

XPeng Inc. (NYSE:XPEV - Get Free Report) shares saw strong trading volume on Tuesday . 29,084,574 shares were traded during mid-day trading, an increase of 108% from the previous session's volume of 13,983,909 shares.The stock last traded at $9.14 and had previously closed at $8.28.

Analysts Set New Price Targets

A number of brokerages have weighed in on XPEV. JPMorgan Chase & Co. lowered their price target on XPeng from $19.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, February 23rd. Macquarie initiated coverage on shares of XPeng in a research report on Monday, April 15th. They set a "neutral" rating and a $7.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.48.

XPeng Stock Up 5.9 %

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 market cap of $8.26 billion, a P/E ratio of -5.86 and a beta of 2.84. The firm's 50 day moving average price is $8.18 and its 200-day moving average price is $11.07.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. As a group, equities research analysts expect that XPeng Inc. will post -1.25 EPS for the current year.

Institutional Trading of XPeng

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in XPeng by 7.1% in the third quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company's stock valued at $203,000 after purchasing an additional 732 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company's stock valued at $28,000 after acquiring an additional 1,450 shares during the period. Van ECK Associates Corp increased its holdings in shares of XPeng by 0.8% in the fourth quarter. Van ECK Associates Corp now owns 197,640 shares of the company's stock worth $2,884,000 after acquiring an additional 1,523 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of XPeng by 14.6% during the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company's stock valued at $198,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in XPeng by 25.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,550 shares of the company's stock worth $154,000 after purchasing an additional 2,151 shares in the last quarter. 23.05% 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.