XPeng (NYSE:XPEV) Shares Down 3.8% - Should You Sell?

XPeng Inc. (NYSE:XPEV - Get Free Report) shares traded down 3.8% during trading on Thursday . The company traded as low as $19.60 and last traded at $19.66. 2,060,617 shares were traded during mid-day trading, a decline of 83% from the average session volume of 11,883,308 shares. The stock had previously closed at $20.43.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup upgraded XPeng from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. Daiwa America lowered shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Barclays raised their price objective on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, March 20th. UBS Group raised XPeng from a "sell" rating to a "neutral" rating and upped their price target for the company from $8.80 to $18.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.29.

XPeng Price Performance

The company has a market capitalization of $18.25 billion, a P/E ratio of -22.10 and a beta of 2.58. 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 business's 50-day moving average is $19.55 and its two-hundred day moving average is $17.51.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($1.51) by $1.41. The company had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, analysts predict that XPeng Inc. will post -0.96 earnings per share for the current year.

Institutional Investors Weigh In On XPeng

A number of institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of XPeng by 70.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after purchasing an additional 532 shares during the period. 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 position in XPeng during the first quarter valued at $39,000. SVB Wealth LLC bought a new position in XPeng during the first quarter valued at $46,000. Finally, Bayforest Capital Ltd increased its position in XPeng by 145.5% during the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock valued at $47,000 after acquiring an additional 1,353 shares during the last quarter. Hedge funds and other institutional investors own 21.09% of the company's stock.

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.