XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report)'s share price was down 4.8% during trading on Friday . The stock traded as low as $22.67 and last traded at $22.66. Approximately 2,891,400 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 9,570,118 shares. The stock had previously closed at $23.81.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Bank of America upped their price target on XPeng from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Macquarie lifted their target price on XPeng from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. BNP Paribas Exane started coverage on shares of XPeng in a report on Monday, August 18th. They set a "neutral" rating and a $19.00 price target for the company. The Goldman Sachs Group upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the company from $16.40 to $24.00 in a research note on Tuesday, June 17th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of XPeng in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.85.
Get Our Latest Research Report on XPeng
XPeng Stock Down 2.9%
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14. The business's 50 day moving average is $20.88 and its 200-day moving average is $19.91. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of -36.71 and a beta of 2.54.
Institutional Investors Weigh In On XPeng
Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in shares of XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after acquiring an additional 532 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in shares of XPeng by 651.0% during the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after buying an additional 1,302 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of XPeng in the first quarter valued at about $39,000. SVB Wealth LLC acquired a new stake in XPeng during the first quarter worth about $46,000. Finally, Bayforest Capital Ltd grew its position in XPeng by 145.5% during the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock worth $47,000 after buying an additional 1,353 shares in the last quarter. 21.09% of the stock is owned by institutional investors.
XPeng Company Profile
(
Get Free Report)
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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