XPeng (NYSE:XPEV) Reaches New 12-Month High - Time to Buy?

XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.92 and last traded at $22.25, with a volume of 14957124 shares trading hands. The stock had previously closed at $21.66.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XPEV shares. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and upped their target price for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $13.70 to $29.00 in a research report on Monday. 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. The Goldman Sachs Group lowered shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price target on the stock. in a report on Thursday, November 21st. Finally, Sanford C. Bernstein lifted their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.63.

XPeng Stock Down 3.0 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The stock's 50 day moving average price is $15.93 and its 200-day moving average price is $12.96. The company has a market cap of $21.57 billion, a PE ratio of -26.32 and a beta of 2.68.

Institutional Trading of XPeng

Several institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of XPeng by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock valued at $154,000 after acquiring an additional 716 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the period. Quadrant Capital Group LLC increased its stake in XPeng by 3.9% in the 4th quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock worth $286,000 after purchasing an additional 913 shares during the period. Sequoia Financial Advisors LLC lifted its position in XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock valued at $170,000 after purchasing an additional 1,027 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares during the period. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

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.