XPeng (NYSE:XPEV) Shares Gap Up to $8.12

XPeng Inc. (NYSE:XPEV) gapped up prior to trading on Thursday . The stock had previously closed at $8.12, but opened at $8.74. XPeng shares last traded at $8.73, with a volume of 4,791,494 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on XPEV shares. Macquarie began coverage on XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Three equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.48.

XPeng Stock Performance

The stock has a market capitalization of $8.54 billion, a PE ratio of -5.40 and a beta of 2.84. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $8.43 and a 200-day moving average of $11.65.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC lifted its holdings in XPeng by 399.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 123,271 shares of the company’s stock worth $947,000 after buying an additional 98,569 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in XPeng by 35.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 978,588 shares of the company’s stock worth $7,516,000 after purchasing an additional 257,300 shares during the last quarter. Van ECK Associates Corp boosted its holdings in XPeng by 17.6% in the first quarter. Van ECK Associates Corp now owns 232,428 shares of the company’s stock valued at $1,785,000 after purchasing an additional 34,788 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in XPeng by 16.3% in the first quarter. China Universal Asset Management Co. Ltd. now owns 90,000 shares of the company’s stock valued at $691,000 after purchasing an additional 12,600 shares during the last quarter. Finally, XY Capital Ltd raised its holdings in XPeng by 60.3% during the first quarter. XY Capital Ltd now owns 122,862 shares of the company’s stock worth $944,000 after purchasing an additional 46,212 shares in 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 (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.