XPeng (NYSE:XPEV) Shares Down 2.2%

Shares of XPeng Inc. (NYSE:XPEV) traded down 2.2% on Friday . The company traded as low as $7.48 and last traded at $7.52. 790,094 shares traded hands during trading, a decline of 94% from the average session volume of 13,433,795 shares. The stock had previously closed at $7.69.

Wall Street Analyst Weigh In

Several analysts have recently commented on XPEV shares. Daiwa America raised XPeng to a “strong-buy” rating in a research note on Thursday, May 23rd. Macquarie assumed coverage on XPeng in a research report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price target for the company. Citigroup raised XPeng from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $7.70 to $8.30 in a research note on Tuesday, June 25th. Finally, Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.28.

XPeng Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 1.50. The business has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $9.33. The company has a market cap of $6.90 billion, a P/E ratio of -4.95 and a beta of 2.80.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. XPeng had a negative net margin of 28.16% and a negative return on equity of 28.16%. The company had revenue of $906.90 million during the quarter. On average, sell-side analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Deutsche Bank AG purchased a new position in shares of XPeng during the 3rd quarter worth approximately $835,000. PNC Financial Services Group Inc. lifted its position in XPeng by 7.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company’s stock valued at $203,000 after acquiring an additional 732 shares in the last quarter. Mariner LLC lifted its position in XPeng by 37.5% in the 3rd quarter. Mariner LLC now owns 25,141 shares of the company’s stock valued at $462,000 after acquiring an additional 6,858 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of XPeng by 11.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 33,917 shares of the company’s stock valued at $623,000 after buying an additional 3,579 shares during the period. Finally, Toroso Investments LLC lifted its holdings in shares of XPeng by 6.1% during the 3rd quarter. Toroso Investments LLC now owns 102,909 shares of the company’s stock valued at $1,889,000 after buying an additional 5,900 shares during the period. Hedge funds and other institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

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.