XPeng (NYSE:XPEV) Sees Unusually-High Trading Volume

Shares of XPeng Inc. (NYSE:XPEVGet Rating) saw unusually-strong trading volume on Wednesday . Approximately 615,914 shares changed hands during mid-day trading, a decline of 96% from the previous session’s volume of 16,193,227 shares.The stock last traded at $14.51 and had previously closed at $15.93.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on XPEV shares. Macquarie cut XPeng from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, August 3rd. Citigroup lowered their price objective on XPeng from $51.59 to $27.87 and set a “buy” rating on the stock in a research note on Wednesday, August 24th. Barclays cut XPeng from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $30.00 to $22.00 in a research note on Tuesday, August 23rd. Nomura Instinet reiterated a “neutral” rating and set a $36.30 price target on shares of XPeng in a research report on Friday, July 1st. Finally, Nomura cut XPeng from a “buy” rating to a “neutral” rating and decreased their price target for the company from $64.60 to $36.30 in a research report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.92.

XPeng Stock Down 2.5 %

The company has a current ratio of 1.97, a quick ratio of 1.78 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $20.79 and a 200 day moving average price of $24.48.

XPeng (NYSE:XPEVGet Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($2.61) by $2.14. XPeng had a negative return on equity of 17.44% and a negative net margin of 24.82%. The company had revenue of $1.11 billion during the quarter. Sell-side analysts anticipate that XPeng Inc. will post -3.82 EPS for the current year.

Institutional Trading of XPeng

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. boosted its stake in XPeng by 10.5% in the second quarter. Royal London Asset Management Ltd. now owns 586,400 shares of the company’s stock worth $18,624,000 after buying an additional 55,900 shares in the last quarter. Legal & General Group Plc boosted its stake in XPeng by 13.2% in the second quarter. Legal & General Group Plc now owns 4,084,660 shares of the company’s stock worth $129,647,000 after buying an additional 476,486 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in XPeng by 58.6% in the second quarter. ExodusPoint Capital Management LP now owns 251,455 shares of the company’s stock worth $7,981,000 after buying an additional 92,933 shares in the last quarter. National Pension Service boosted its stake in XPeng by 1,083.1% in the second quarter. National Pension Service now owns 79,316 shares of the company’s stock worth $2,517,000 after buying an additional 72,612 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in XPeng in the second quarter worth approximately $886,000. Hedge funds and other institutional investors own 25.15% of the company’s stock.

XPeng Company Profile

(Get Rating)

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services.

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