XPENG (NYSE:XPEV) Reaches New 1-Year Low – Should You Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $10.15 and last traded at $10.1050, with a volume of 238247 shares changing hands. The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XPEV shares. Barclays decreased their price objective on XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, August 25th. Jefferies Financial Group reissued a “buy” rating and issued a $25.20 target price on shares of XPENG in a research report on Friday, May 29th. UBS Group started coverage on shares of XPENG in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of XPENG from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 25th. Finally, Bank of America reiterated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.65.

XPENG Stock Down 1.0%

The stock has a 50-day moving average of $11.64 and a 200-day moving average of $14.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.86. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of -21.16 and a beta of 1.11.

Institutional Trading of XPENG

Several large investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its stake in XPENG by 0.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 387,230 shares of the company’s stock valued at $5,127,000 after purchasing an additional 1,052 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in XPENG by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after buying an additional 1,212 shares during the last quarter. BNP Paribas lifted its stake in shares of XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock valued at $332,000 after buying an additional 1,600 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of XPENG by 25.0% in the first quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock valued at $220,000 after buying an additional 2,578 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of XPENG by 18.3% during the second quarter. Greenleaf Trust now owns 19,075 shares of the company’s stock valued at $253,000 after buying an additional 2,948 shares during the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

About XPENG

XPeng Inc (NYSE: XPEV) is a Chinese smart electric vehicle manufacturer that designs, develops, manufactures and markets battery-powered passenger vehicles. The company combines vehicle engineering with software, connectivity and advanced driver-assistance technologies to provide digitally integrated driving experiences.

XPeng’s product portfolio has included electric sedans, sport utility vehicles and multi-purpose vehicles, including the P7 sedan, G6 and G9 SUVs, and X9 MPV. Its technology offerings include the XNGP advanced driver-assistance system, in-vehicle operating systems and related smart-cockpit features.