XPeng (NYSE:XPEV) Trading Down 5.6% - Should You Sell?

XPeng Inc. (NYSE:XPEV - Get Free Report)'s share price dropped 5.6% during trading on Monday . The stock traded as low as $20.07 and last traded at $20.30. Approximately 5,102,595 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 11,404,610 shares. The stock had previously closed at $21.49.

Analyst Ratings Changes

Several research firms have recently weighed in on XPEV. The Goldman Sachs Group lowered XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective on the stock. in a research note on Thursday, November 21st. UBS Group raised XPeng from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Sanford C. Bernstein upped their price objective on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. Finally, Citigroup dropped their price objective on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $13.93.

XPeng Trading Up 2.7 %

The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The stock has a market cap of $20.96 billion, a P/E ratio of -25.58 and a beta of 2.68. The business's 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $12.77.

Institutional Investors Weigh In On XPeng

A number of hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the period. Avior Wealth Management LLC grew its stake in shares of XPeng by 1,215.2% during the 4th 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 during the period. Lindbrook Capital LLC grew its stake in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after acquiring an additional 1,138 shares during the period. Golden State Wealth Management LLC bought a new position in shares of XPeng during the 4th quarter worth $41,000. Finally, Natixis bought a new position in XPeng in the 4th quarter worth about $43,000. 21.09% of the stock is currently owned by 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.