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

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $18.85, but opened at $18.06. XPeng shares last traded at $18.11, with a volume of 1,230,024 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XPEV shares. Nomura Securities upgraded shares of XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Sanford C. Bernstein set a $19.00 price objective on shares of XPeng and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Barclays lifted their price target on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. Nomura upgraded XPeng from a "neutral" rating to a "buy" rating and boosted their price target for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. Finally, Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.73.

XPeng Price Performance

The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of -23.22 and a beta of 2.51. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $19.42 and a two-hundred day moving average price of $18.29.

XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.51) by $1.41. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative net margin of 10.20% and a negative return on equity of 15.89%. As a group, research analysts forecast that XPeng Inc. Sponsored ADR will post -0.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. JPMorgan Chase & Co. raised its stake in shares of XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after acquiring an additional 4,227,055 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of XPeng in the fourth quarter worth about $554,000. AI Squared Management Ltd acquired a new position in shares of XPeng during the 4th quarter worth about $2,126,000. Northern Trust Corp lifted its holdings in shares of XPeng by 20.9% during the fourth quarter. Northern Trust Corp now owns 160,733 shares of the company's stock worth $1,900,000 after buying an additional 27,838 shares during the last quarter. Finally, TMT General Partner Ltd increased its position in XPeng by 88.2% during the first quarter. TMT General Partner Ltd now owns 32,726,800 shares of the company's stock worth $678,099,000 after acquiring an additional 15,340,907 shares during the period. 21.09% of the stock is owned by hedge funds and other institutional investors.

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.