XPeng (NYSE:XPEV) Reaches New 1-Year High – Still a Buy?

XPeng Inc. (NYSE:XPEV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.30 and last traded at $16.99, with a volume of 15913955 shares trading hands. The stock had previously closed at $15.69.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup dropped their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. UBS Group reiterated a “sell” rating and set a $8.80 target price (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a report on Thursday, November 21st. Finally, Sanford C. Bernstein raised their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, XPeng currently has an average rating of “Moderate Buy” and an average target price of $11.69.

XPeng Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company has a 50-day moving average of $13.05 and a 200-day moving average of $11.08.

Institutional Investors Weigh In On XPeng

Institutional investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA lifted its stake in XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of XPeng by 56.3% in the fourth quarter. Vontobel Holding Ltd. now owns 33,039 shares of the company’s stock worth $391,000 after purchasing an additional 11,902 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after purchasing an additional 31,538 shares in the last quarter. Savant Capital LLC acquired a new position in XPeng during the fourth quarter worth $229,000. Finally, Golden State Wealth Management LLC bought a new position in XPeng in the fourth quarter valued at $41,000. 21.09% 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.