XPeng (NYSE:XPEV) Stock Price Down 4.2%

XPeng Inc. (NYSE:XPEV) traded down 4.2% during trading on Thursday . The stock traded as low as $7.05 and last traded at $7.11. 3,261,947 shares changed hands during trading, a decline of 76% from the average session volume of 13,664,983 shares. The stock had previously closed at $7.42.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XPEV shares. JPMorgan Chase & Co. lowered their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Macquarie started coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 target price for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.48.

XPeng Stock Down 3.3 %

The stock’s 50 day moving average is $8.67 and its two-hundred day moving average is $12.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $1.84 billion for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. As a group, research analysts expect that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Trading of XPeng

Large investors have recently bought and sold shares of the business. XY Capital Ltd boosted its stake in XPeng by 554.5% during the 3rd quarter. XY Capital Ltd now owns 327,229 shares of the company’s stock worth $6,008,000 after purchasing an additional 277,229 shares during the period. NINE MASTS CAPITAL Ltd raised its position in XPeng by 1,765.6% during the 3rd quarter. NINE MASTS CAPITAL Ltd now owns 342,665 shares of the company’s stock worth $6,122,000 after buying an additional 324,297 shares during the last quarter. RWC Asset Management LLP purchased a new position in XPeng during the 3rd quarter worth $8,291,000. Ballentine Partners LLC raised its position in XPeng by 14.6% during the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company’s stock worth $198,000 after buying an additional 1,729 shares during the last quarter. Finally, Mariner LLC raised its position in XPeng by 37.5% during the 3rd quarter. Mariner LLC now owns 25,141 shares of the company’s stock worth $462,000 after buying an additional 6,858 shares during the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.