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

XPeng Inc. (NYSE:XPEV - Get Free Report) gapped down before the market opened 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 traded.

Analysts Set New Price Targets

XPEV has been the topic of a number of research analyst reports. Macquarie began coverage on shares of XPeng in a report on Monday, April 15th. They set a "neutral" rating and a $7.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of XPeng from $19.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Three investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.48.

XPeng Price Performance

The company's 50-day simple moving average is $8.43 and its 200-day simple moving average is $11.65. The stock has a market capitalization of $8.54 billion, a P/E ratio of -5.36 and a beta of 2.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) 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, sell-side analysts expect that XPeng Inc. will post -1.25 EPS for the current fiscal year.

Institutional Trading of XPeng

Institutional investors and hedge funds have recently bought and sold shares of the stock. XY Capital Ltd boosted its position in XPeng by 554.5% during the third quarter. XY Capital Ltd now owns 327,229 shares of the company's stock valued at $6,008,000 after acquiring an additional 277,229 shares during the last quarter. NINE MASTS CAPITAL Ltd increased its holdings in XPeng by 1,765.6% in the third quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company's stock worth $6,122,000 after purchasing an additional 324,297 shares in the last quarter. RWC Asset Management LLP acquired a new position in XPeng in the third quarter valued at approximately $8,291,000. Ballentine Partners LLC boosted its holdings in shares of XPeng by 14.6% during 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 in the last quarter. Finally, Mariner LLC grew 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 worth $462,000 after buying an additional 6,858 shares during the period. 23.05% of the stock is currently owned by institutional investors and hedge funds.

About XPeng

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.

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