XPeng (NYSE:XPEV) Shares Down 4.5% – What’s Next?

XPeng Inc. (NYSE:XPEV)’s share price was down 4.5% during trading on Thursday . The company traded as low as $12.75 and last traded at $12.75. Approximately 1,790,544 shares traded hands during trading, a decline of 87% from the average daily volume of 13,625,882 shares. The stock had previously closed at $13.35.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised XPeng from a “neutral” rating to an “overweight” rating and increased their price target for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. Citigroup reduced their price target on XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Bank of America reduced their price target on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Finally, Macquarie raised XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $9.42.

XPeng Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. The stock has a market capitalization of $11.99 billion, a PE ratio of -10.96 and a beta of 2.80. The stock has a 50 day moving average of $11.28 and a two-hundred day moving average of $9.10.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. The firm had revenue of $1.12 billion for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. Research analysts expect that XPeng Inc. will post -1 EPS for the current fiscal year.

Hedge Funds Weigh In On XPeng

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. increased its stake in XPeng by 83.0% in the first quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock valued at $994,000 after purchasing an additional 58,700 shares during the last quarter. Russell Investments Group Ltd. increased its stake in XPeng by 73.7% in the first quarter. Russell Investments Group Ltd. now owns 1,415,568 shares of the company’s stock valued at $10,872,000 after purchasing an additional 600,437 shares during the last quarter. Seven Eight Capital LP increased its stake in XPeng by 2,254.4% in the first quarter. Seven Eight Capital LP now owns 284,155 shares of the company’s stock valued at $2,182,000 after purchasing an additional 272,086 shares during the last quarter. Natixis acquired a new position in XPeng in the first quarter valued at $38,000. Finally, Alpine Global Management LLC acquired a new position in XPeng in the first quarter valued at $307,000. 23.05% of the stock is owned by institutional investors and hedge funds.

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.