XPeng (NYSE:XPEV) Shares Gap Down to $9.40

XPeng Inc. (NYSE:XPEV)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $9.40, but opened at $9.12. XPeng shares last traded at $9.06, with a volume of 5,154,057 shares.

Analyst Upgrades and Downgrades

XPEV has been the topic of several analyst reports. Macquarie assumed coverage on XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.48.

XPeng Stock Performance

The firm has a market capitalization of $8.54 billion, a PE ratio of -5.36 and a beta of 2.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51. The business’s fifty day simple moving average is $8.43 and its 200-day simple moving average is $11.65.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $1.84 billion for the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. As a group, equities research analysts expect that XPeng Inc. will post -1.25 EPS for the current year.

Institutional Trading of XPeng

A number of large investors have recently added to or reduced their stakes in the company. XY Capital Ltd grew its holdings in shares of XPeng by 554.5% in the third quarter. XY Capital Ltd now owns 327,229 shares of the company’s stock valued at $6,008,000 after purchasing an additional 277,229 shares in the last quarter. NINE MASTS CAPITAL Ltd lifted its position in XPeng by 1,765.6% during the third quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company’s stock valued at $6,122,000 after purchasing an additional 324,297 shares during the last quarter. RWC Asset Management LLP purchased a new position in shares of XPeng in the 3rd quarter worth $8,291,000. Ballentine Partners LLC increased its holdings in shares of XPeng by 14.6% in the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after buying an additional 1,729 shares during the last quarter. Finally, Mariner LLC raised its position in shares of XPeng by 37.5% during the 3rd quarter. Mariner LLC now owns 25,141 shares of the company’s stock valued at $462,000 after buying an additional 6,858 shares in the last quarter. 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.