XPeng (NYSE:XPEV) Stock Price Up 4.8%

XPeng Inc. (NYSE:XPEV)’s stock price rose 4.8% during trading on Monday . The stock traded as high as $7.72 and last traded at $7.68. Approximately 6,037,010 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 13,470,348 shares. The stock had previously closed at $7.33.

Analyst Upgrades and Downgrades

XPEV has been the subject of several research reports. Daiwa Capital Markets raised shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, May 23rd. Daiwa America upgraded XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Macquarie initiated coverage on XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price target on the stock. Finally, Citigroup raised XPeng from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $7.70 to $8.30 in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.28.

XPeng Trading Up 9.0 %

The stock has a market cap of $7.84 billion, a price-to-earnings ratio of -5.62 and a beta of 2.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. The company’s fifty day moving average price is $8.03 and its 200-day moving average price is $9.19.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. The company had revenue of $906.90 million during the quarter. On average, research analysts expect that XPeng Inc. will post -0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XPEV. Primecap Management Co. CA boosted its holdings in XPeng by 5.3% in the fourth quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company’s stock valued at $182,343,000 after purchasing an additional 624,926 shares during the last quarter. RWC Asset Advisors US LLC lifted its holdings in shares of XPeng by 170.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company’s stock valued at $64,698,000 after buying an additional 2,793,550 shares during the period. Norges Bank purchased a new stake in shares of XPeng in the fourth quarter worth about $41,993,000. Robeco Schweiz AG grew its holdings in XPeng by 3.8% during the fourth quarter. Robeco Schweiz AG now owns 2,336,330 shares of the company’s stock worth $34,087,000 after acquiring an additional 85,000 shares during the period. Finally, Electron Capital Partners LLC purchased a new position in XPeng during the fourth quarter valued at approximately $26,047,000. 23.05% 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.