XPeng (NYSE:XPEV) Stock Price Down 4.1%

Shares of XPeng Inc. (NYSE:XPEV - Get Free Report) traded down 4.1% during mid-day trading on Monday . The stock traded as low as $8.48 and last traded at $8.60. 3,506,439 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 13,374,139 shares. The stock had previously closed at $8.97.

XPeng Trading Down 1.8 %

The firm has a market cap of $7.59 billion, a price-to-earnings ratio of -4.80 and a beta of 3.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.27. The firm's fifty day moving average is $14.04 and its 200-day moving average is $15.83.

XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Wednesday, November 15th. The company reported ($0.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.10. The business had revenue of $1.17 billion for the quarter. XPeng had a negative net margin of 50.07% and a negative return on equity of 33.81%. Equities analysts anticipate that XPeng Inc. will post -1.73 earnings per share for the current year.

Hedge Funds Weigh In On XPeng

Several institutional investors have recently made changes to their positions in XPEV. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of XPeng by 137.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 228,925 shares of the company's stock valued at $6,089,000 after purchasing an additional 132,487 shares during the period. American Century Companies Inc. raised its holdings in shares of XPeng by 8.3% during the first quarter. American Century Companies Inc. now owns 29,681 shares of the company's stock valued at $819,000 after purchasing an additional 2,266 shares during the period. US Bancorp DE increased its position in shares of XPeng by 13.9% during the first quarter. US Bancorp DE now owns 6,271 shares of the company's stock worth $173,000 after acquiring an additional 767 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of XPeng by 37.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,385 shares of the company's stock worth $507,000 after acquiring an additional 5,021 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of XPeng by 3.2% during the first quarter. BlackRock Inc. now owns 20,215,942 shares of the company's stock worth $557,756,000 after acquiring an additional 619,993 shares in the last quarter. Institutional investors and hedge funds own 11.86% of the company's stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, 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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