XPeng (NYSE:XPEV) Sees Large Volume Increase – What’s Next?

XPeng Inc. Sponsored ADR (NYSE:XPEV) saw an uptick in trading volume on Monday . 17,629,366 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 9,595,664 shares.The stock last traded at $24.8840 and had previously closed at $22.42.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XPEV. Bank of America increased their price target on XPeng from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. CLSA upgraded shares of XPeng to a “strong-buy” rating in a research report on Monday, September 22nd. Citigroup raised their price target on shares of XPeng from $29.00 to $29.40 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Macquarie boosted their price objective on XPeng from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Finally, BNP Paribas initiated coverage on XPeng in a research report on Monday, August 18th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.85.

XPeng Trading Up 15.9%

The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $21.97 and a two-hundred day moving average price of $20.40. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of -41.26 and a beta of 2.54.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Atlas Capital Advisors Inc. boosted its position in shares of XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock valued at $31,000 after acquiring an additional 1,302 shares during the last quarter. SVB Wealth LLC purchased a new position in XPeng during the first quarter worth about $46,000. Bayforest Capital Ltd boosted its holdings in XPeng by 145.5% in the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company’s stock valued at $47,000 after purchasing an additional 1,353 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of XPeng in the 1st quarter valued at approximately $54,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of XPeng by 16.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

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.