XPeng (NYSE:XPEV) Shares Down 4.5% – What’s Next?

Shares of XPeng Inc. (NYSE:XPEV) were down 4.5% during mid-day trading on Thursday . The company traded as low as $12.75 and last traded at $12.75. Approximately 1,790,544 shares were traded during trading, a decline of 87% from the average daily volume of 13,625,882 shares. The stock had previously closed at $13.35.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XPEV shares. Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. raised XPeng from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. Bank of America lowered their price target on XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Citigroup lowered their price target on XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, XPeng presently has a consensus rating of “Buy” and a consensus price target of $9.42.

XPeng Price Performance

The company has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $9.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. The company has a market cap of $11.99 billion, a PE ratio of -10.96 and a beta of 2.80.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The company had revenue of $1.12 billion during the quarter. Sell-side analysts expect that XPeng Inc. will post -1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake in shares of XPeng by 83.0% in the first quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock worth $994,000 after acquiring an additional 58,700 shares in the last quarter. Natixis acquired a new stake in XPeng during the first quarter valued at approximately $38,000. Renaissance Technologies LLC acquired a new stake in XPeng during the second quarter valued at approximately $1,006,000. Seven Eight Capital LP raised its stake in XPeng by 2,254.4% during the first quarter. Seven Eight Capital LP now owns 284,155 shares of the company’s stock valued at $2,182,000 after buying an additional 272,086 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in XPeng by 100.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company’s stock valued at $8,864,000 after buying an additional 550,000 shares in the last quarter. Institutional investors and hedge funds 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.