XPeng (NYSE:XPEV) Stock Price Down 4.2%

XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price fell 4.2% on Thursday . The company traded as low as $7.05 and last traded at $7.11. 3,261,947 shares changed hands during trading, a decline of 76% from the average session volume of 13,664,983 shares. The stock had previously closed at $7.42.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XPEV. JPMorgan Chase & Co. reduced their price target on XPeng from $19.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. Macquarie began coverage on XPeng in a research report on Monday. They set a "neutral" rating and a $7.00 price target for the company. Three equities 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, XPeng presently has an average rating of "Hold" and an average price target of $17.48.

XPeng Trading Down 3.4 %

The company has a market cap of $6.75 billion, a price-to-earnings ratio of -4.41 and a beta of 2.93. 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 firm has a fifty day moving average price of $8.72 and a 200 day moving average price of $12.35.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. As a group, equities analysts predict that XPeng Inc. will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On XPeng

A number of large investors have recently added to or reduced their stakes in XPEV. E Fund Management Hong Kong Co. Ltd. raised its stake in XPeng by 137.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 228,925 shares of the company's stock valued at $6,089,000 after acquiring an additional 132,487 shares during the period. American Century Companies Inc. increased its position in XPeng by 8.3% during the 1st quarter. American Century Companies Inc. now owns 29,681 shares of the company's stock worth $819,000 after buying an additional 2,266 shares during the period. US Bancorp DE increased its position in XPeng by 13.9% during the 1st quarter. US Bancorp DE now owns 6,271 shares of the company's stock worth $173,000 after buying an additional 767 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in XPeng by 37.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,385 shares of the company's stock worth $507,000 after buying an additional 5,021 shares during the period. Finally, BlackRock Inc. increased its position in XPeng by 3.2% during the 1st quarter. BlackRock Inc. now owns 20,215,942 shares of the company's stock worth $557,756,000 after buying an additional 619,993 shares during the period. Institutional investors own 23.05% of the company's stock.

About XPeng

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.