XPENG (NYSE:XPEV) Sees Large Volume Increase - Should You Buy?

Key Points

• Trading activity: XPENG saw higher-than-normal volume with 6,279,268 shares traded (up ~1% from the prior session) and was last quoted at $18.30 versus the prior close of $17.32.
• Analyst view: The stock carries a consensus rating of Moderate Buy and a consensus target of $25.78, with analysts split among Strong Buy, Buy, Hold and Sell recommendations.
• Financial snapshot: Market capitalization is $17.38 billion, the P/E is negative (-43.6), the 50-day SMA ($18.74) sits below the 200-day SMA ($20.65), and institutional ownership is about 21%.

XPENG Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) shares saw strong trading volume on Monday . 6,279,268 shares changed hands during mid-day trading, an increase of 1% from the previous session's volume of 6,245,694 shares.The stock last traded at $18.30 and had previously closed at $17.32.

Analyst Ratings Changes

XPEV has been the subject of several recent research reports. Macquarie Infrastructure set a $26.00 target price on shares of XPENG and gave the stock an "outperform" rating in a report on Thursday, January 15th. Morgan Stanley reissued a "reduce" rating on shares of XPENG in a research report on Monday, December 29th. Loop Capital set a $25.00 price objective on shares of XPENG in a research note on Tuesday, January 6th. Citigroup restated a "buy" rating on shares of XPENG in a report on Friday, February 6th. Finally, Barclays set a $17.00 target price on XPENG in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.78.

XPENG Price Performance

The stock has a market capitalization of $17.38 billion, a P/E ratio of -43.60, a price-to-earnings-growth ratio of 17.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95. The company's 50-day simple moving average is $18.74 and its 200-day simple moving average is $20.65.

Institutional Investors Weigh In On XPENG

Several hedge funds have recently bought and sold shares of XPEV. Farther Finance Advisors LLC grew its holdings in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company's stock worth $52,000 after purchasing an additional 1,582 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of XPENG by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company's stock valued at $63,000 after buying an additional 389 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of XPENG by 11.0% during the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company's stock worth $227,000 after acquiring an additional 964 shares during the period. Kickstand Ventures LLC. acquired a new position in shares of XPENG during the 4th quarter worth approximately $202,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of XPENG during the 3rd quarter worth approximately $249,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPENG Company Profile

XPENG Inc NYSE: XPEV is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.

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