XPeng (NYSE:XPEV) Trading Down 5.1% - Time to Sell?

XPeng Inc. (NYSE:XPEV - Get Free Report)'s stock price dropped 5.1% during mid-day trading on Wednesday . The company traded as low as $18.79 and last traded at $18.79. Approximately 2,074,373 shares changed hands during trading, a decline of 84% from the average daily volume of 12,840,380 shares. The stock had previously closed at $19.81.

Wall Street Analyst Weigh In

XPEV has been the topic of several research analyst reports. Citigroup raised shares of XPeng from a "neutral" rating to a "buy" rating and upped their price target for the stock from $13.70 to $29.00 in a report on Monday, March 10th. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and raised their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. Bank of America upped their target price on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the company a "market perform" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.20.

XPeng Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company has a market capitalization of $17.22 billion, a price-to-earnings ratio of -20.85 and a beta of 2.62. The business has a 50 day simple moving average of $20.23 and a 200 day simple moving average of $15.48.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. As a group, equities analysts predict that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPeng

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of XPeng by 70.1% during 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. EverSource Wealth Advisors LLC grew 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 acquiring an additional 898 shares during the last quarter. 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 valued at $33,000 after buying an additional 2,564 shares during the last quarter. Lindbrook Capital LLC boosted its position in 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. Finally, Golden State Wealth Management LLC bought a new position in XPeng in the 4th quarter valued at about $41,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.