XPENG (NYSE:XPEV) Shares Down 7.6% – What’s Next?

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) traded down 7.6% during mid-day trading on Thursday . The company traded as low as $17.50 and last traded at $17.4250. 3,463,132 shares traded hands during trading, a decline of 49% from the average session volume of 6,809,236 shares. The stock had previously closed at $18.86.

Analyst Ratings Changes

Several equities analysts have weighed in on XPEV shares. Macquarie Infrastructure set a $26.00 price objective on shares of XPENG and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a research report on Wednesday, January 21st. Citigroup reissued a “buy” rating on shares of XPENG in a research note on Friday, February 6th. Morgan Stanley restated a “reduce” rating on shares of XPENG in a research report on Monday, December 29th. Finally, Loop Capital set a $25.00 target price on XPENG in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, XPENG presently has a consensus rating of “Hold” and an average target price of $24.74.

XPENG Stock Down 7.0%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.95. The business has a 50 day simple moving average of $18.36 and a 200 day simple moving average of $20.41. The stock has a market cap of $16.65 billion, a PE ratio of -102.91 and a beta of 1.21.

XPENG (NYSE:XPEV) last announced its quarterly earnings results on Friday, March 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.10 billion. XPENG had a negative return on equity of 3.69% and a negative net margin of 1.46%. On average, equities research analysts forecast that XPENG Inc. Sponsored ADR will post -0.96 EPS for the current fiscal year.

Institutional Trading of XPENG

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in shares of XPENG by 161.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after purchasing an additional 1,582 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 389 shares in the last quarter. Kickstand Ventures LLC. bought a new stake in shares of XPENG during the 4th quarter worth about $202,000. Parallel Advisors LLC increased its holdings in shares of XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after acquiring an additional 584 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of XPENG during the 3rd quarter valued at about $249,000. 21.09% of the stock is owned by institutional investors.

XPENG Company Profile

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.