XPeng (NYSE:XPEV) Stock Price Up 5% - Here's What Happened

XPeng Inc. (NYSE:XPEV) experienced a notable increase of 5% in its stock price during Thursday's trading session. The stock reached a high of $22.50 before closing at $22.74. In total, 3,985,205 shares exchanged hands, marking a decrease of 70% from the average daily volume of 13,073,328 shares. Previously, XPeng's stock closed at $21.66.

Analyst Ratings Changes

A range of brokerages have recently provided updates on XPeng's shares. The Goldman Sachs Group downgraded the stock from a "buy" to a "neutral" rating while establishing a price target of $12.50. Conversely, UBS Group upgraded XPeng from a "sell" to a "neutral" rating, raising their price target from $8.80 to $18.00. Additionally, China Renaissance upgraded XPeng from a "hold" to a "buy" rating with a price target set at $16.70. Macquarie maintained a "neutral" stance with an $18.00 price target, while Sanford C. Bernstein increased their target from $9.00 to $14.00 and assigned a "market perform" rating. Overall, five analysts assigned a hold rating, four designated it as a buy, and one issued a strong buy rating. According to MarketBeat, XPeng has a consensus rating of "Moderate Buy" with an average price target of $13.93.

Performance Overview

XPeng's financial ratios indicate a debt-to-equity ratio of 0.22, a current ratio of 1.37, and a quick ratio of 1.18. The company's market capitalization stands at $22.16 billion, with a negative PE ratio of -27.04 and a beta of 2.68. The stock's 50-day simple moving average was $15.93, and the 200-day moving average was $12.88.

Institutional Investment Activity

Recent institutional trading activity includes several key investments. Alibaba Group Holding Ltd increased its stake in XPeng by 21.2% over the fourth quarter, acquiring an additional 6,650,000 shares to own a total of 37,959,232 shares worth approximately $448,678,000. TMT General Partner Ltd also made significant investments, purchasing a new stake valued at around $205,501,000 during the same period. JPMorgan Chase & Co. raised its investment by 1,138.1%, adding 4,227,055 shares, bringing their total holdings to 4,598,454 shares worth approximately $54,354,000. Additionally, Point72 Hong Kong Ltd entered with a new stake valued at $22,047,000 in the third quarter, while OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake by 947.5%, acquiring 1,591,750 shares worth $20,800,000 during the fourth quarter. Overall, 21.09% of XPeng's shares are owned by institutional investors.

About XPeng Inc.

XPeng Inc. focuses on designing, developing, manufacturing, and marketing smart electric vehicles (EVs) in China. Their product lineup includes SUVs such as the G3, G3i, and G9, alongside four-door sports sedans like the P7 and P7i, and the family sedan named P5. The company also offers various services, including sales contracts, supercharging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, vehicle leasing, and insurance agency services.

Is Now the Right Time to Invest in XPeng?

Potential investors should consider all factors before investing in XPeng stock. Although XPeng currently holds a "Moderate Buy" rating among analysts, top-rated analysts have identified five other stocks that they believe are more favorable investment opportunities at this time.

XPeng, Stock, Investment