XPeng (NYSE:XPEV) Shares Down 7% – Time to Sell?

XPeng Inc. (NYSE:XPEV) shares traded down 7% on Friday . The stock traded as low as $23.42 and last traded at $23.57. 7,612,412 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 13,277,888 shares. The stock had previously closed at $25.35.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Macquarie restated a “neutral” rating and issued a $18.00 target price on shares of XPeng in a report on Friday, February 7th. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a report on Thursday, November 21st. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a report on Friday, November 22nd. Finally, Sanford C. Bernstein upped their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

XPeng Stock Down 6.4 %

The business has a 50 day moving average of $17.22 and a 200 day moving average of $13.53. 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 firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of -27.26 and a beta of 2.68.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XPEV. Central Asset Investments & Management Holdings HK Ltd raised its stake in shares of XPeng by 36.0% in the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock valued at $4,969,000 after purchasing an additional 108,000 shares in the last quarter. Advisors Asset Management Inc. raised its stake in XPeng by 48.9% during the third quarter. Advisors Asset Management Inc. now owns 49,624 shares of the company’s stock worth $604,000 after acquiring an additional 16,289 shares in the last quarter. Citigroup Inc. raised its stake in XPeng by 14.2% during the third quarter. Citigroup Inc. now owns 293,321 shares of the company’s stock worth $3,573,000 after acquiring an additional 36,560 shares in the last quarter. FMR LLC raised its stake in XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after acquiring an additional 295,536 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in XPeng during the third quarter worth $360,000. 21.09% of the stock is currently 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.