XPeng (NYSE:XPEV) Shares Gap Down - Time to Sell?

XPeng Inc. (NYSE:XPEV - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $26.34, but opened at $24.94. XPeng shares last traded at $25.51, with a volume of 5,531,509 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on XPEV. Macquarie reiterated a "neutral" rating and issued a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price for the company in a report on Friday, November 22nd. The Goldman Sachs Group cut XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price target on the stock. in a report on Thursday, November 21st. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Finally, Sanford C. Bernstein upped their target price on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

XPeng Price Performance

The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $17.22 and a 200 day simple moving average of $13.57. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of -27.26 and a beta of 2.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares during the period. Avior Wealth Management LLC raised its holdings in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after acquiring an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its position in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in XPeng in the fourth quarter valued at about $41,000. Finally, Natixis acquired a new position in XPeng in the 4th quarter worth about $43,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

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.