XPeng (NYSE:XPEV) Shares Gap Down – Should You Sell?

XPeng Inc. Sponsored ADR (NYSE:XPEV) gapped down before the market opened on Tuesday . The stock had previously closed at $21.35, but opened at $20.40. XPeng shares last traded at $20.1880, with a volume of 2,196,399 shares.

Wall Street Analysts Forecast Growth

XPEV has been the topic of a number of analyst reports. Bank of America lifted their price objective on XPeng from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Citigroup upped their price objective on XPeng from $29.00 to $29.40 and gave the stock a “buy” rating in a report on Wednesday, August 20th. CLSA upgraded shares of XPeng to a “strong-buy” rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPeng in a report on Wednesday, October 8th. Finally, Macquarie boosted their price objective on shares of XPeng from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.37.

XPeng Trading Up 3.3%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of -46.43 and a beta of 1.05. The business’s 50-day moving average price is $22.58 and its two-hundred day moving average price is $20.73.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Monday, November 17th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.41. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $20.48 billion. XPeng had a negative return on equity of 9.25% and a negative net margin of 4.02%. Equities analysts expect that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current year.

Institutional Trading of XPeng

Several institutional investors have recently made changes to their positions in XPEV. BNP Paribas purchased a new stake in shares of XPeng during the 3rd quarter worth about $345,000. Parallel Advisors LLC lifted its position in XPeng by 11.0% during the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after buying an additional 964 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in XPeng by 16.9% during the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of XPeng in the third quarter worth $249,000. Finally, SG Americas Securities LLC boosted its position in XPeng by 356.9% during the 3rd quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock worth $25,550,000 after purchasing an additional 1,515,591 shares during the period. 21.09% of the stock is owned by hedge funds and other institutional investors.

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.