XPENG (NYSE:XPEV) Trading Down 4.4% – Time to Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares traded down 4.4% during mid-day trading on Tuesday . The company traded as low as $19.17 and last traded at $19.2050. 6,564,566 shares traded hands during trading, a decline of 2% from the average session volume of 6,724,192 shares. The stock had previously closed at $20.09.

Analyst Ratings Changes

XPEV has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of XPENG in a report on Friday, February 6th. Barclays set a $17.00 target price on shares of XPENG in a research note on Wednesday, February 18th. Loop Capital set a $25.00 price target on XPENG in a research report on Tuesday, January 6th. Finally, Macquarie Infrastructure set a $26.00 price objective on XPENG and gave the company an “outperform” rating in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, XPENG presently has an average rating of “Moderate Buy” and an average target price of $25.78.

XPENG Trading Down 4.2%

The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of -45.80, a price-to-earnings-growth ratio of 20.75 and a beta of 1.21. The business’s 50 day moving average price is $18.61 and its 200-day moving average price is $20.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95.

Institutional Trading of XPENG

A number of institutional investors have recently modified their holdings of XPEV. Royal Bank of Canada boosted its stake in shares of XPENG by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock valued at $490,000 after buying an additional 5,945 shares in the last quarter. Marshall Wace LLP raised its position in XPENG by 228.7% in the second quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after acquiring an additional 1,140,593 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in XPENG by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after acquiring an additional 28,983 shares during the period. Greenleaf Trust boosted its position in shares of XPENG by 4.7% during the 3rd quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock worth $398,000 after purchasing an additional 770 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of XPENG by 356.9% during the 3rd quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock worth $25,550,000 after purchasing an additional 1,515,591 shares in the last quarter. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

About XPENG

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.