XPeng (NYSE:XPEV) Shares Gap Down to $9.40

XPeng Inc. (NYSE:XPEV) shares gapped down before the market opened on Friday . The stock had previously closed at $9.40, but opened at $9.12. XPeng shares last traded at $9.06, with a volume of 5,154,057 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on XPEV. Macquarie began coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, XPeng has a consensus rating of “Hold” and an average target price of $17.48.

XPeng Price Performance

The stock has a market capitalization of $8.53 billion, a PE ratio of -5.40 and a beta of 2.84. The company’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $11.61. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The business had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. On average, equities analysts anticipate that XPeng Inc. will post -1.25 earnings per share for the current year.

Institutional Trading of XPeng

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA grew its stake in shares of XPeng by 322.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after buying an additional 1,450 shares during the period. Scarborough Advisors LLC acquired a new position in XPeng in the fourth quarter valued at $52,000. Lindbrook Capital LLC grew its position in XPeng by 33.0% during the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after acquiring an additional 781 shares during the period. Rakuten Securities Inc. acquired a new stake in XPeng during the fourth quarter worth about $59,000. Finally, Headlands Technologies LLC purchased a new position in shares of XPeng in the 3rd quarter worth about $65,000. Hedge funds and other institutional investors own 23.05% of the company’s stock.

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.