XPENG (NYSE:XPEV) Shares Down 7.6% – Time to Sell?

Shares of XPENG Inc. Sponsored ADR (NYSE:XPEV) dropped 7.6% during trading on Thursday . The stock traded as low as $17.50 and last traded at $17.4250. Approximately 3,463,132 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 6,809,236 shares. The stock had previously closed at $18.86.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed a “reduce” rating on shares of XPENG in a research note on Monday, December 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Barclays decreased their target price on XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Macquarie Infrastructure set a $26.00 price target on XPENG and gave the company an “outperform” rating in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, XPENG presently has a consensus rating of “Hold” and a consensus target price of $24.74.

XPENG Price Performance

The company has a market cap of $16.06 billion, a P/E ratio of -99.55 and a beta of 1.21. The firm’s 50-day moving average is $18.22 and its two-hundred day moving average is $20.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.95.

XPENG (NYSE:XPEV) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.04 EPS for the quarter. The business had revenue of $3.18 billion during the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.69%. Analysts anticipate that XPENG Inc. Sponsored ADR will post -0.96 earnings per share for the current year.

Institutional Investors Weigh In On XPENG

Several institutional investors have recently modified their holdings of XPEV. Marshall Wace LLP increased its position in shares of XPENG by 228.7% during the 2nd quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock valued at $29,313,000 after purchasing an additional 1,140,593 shares during the last quarter. SG Americas Securities LLC lifted its position in XPENG by 7.1% in the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock worth $23,695,000 after buying an additional 77,476 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after buying an additional 28,983 shares during the period. DNB Asset Management AS bought a new position in XPENG during the fourth quarter valued at $2,325,000. Finally, Ethic Inc. increased its position in XPENG by 6.1% during the fourth quarter. Ethic Inc. now owns 78,380 shares of the company’s stock valued at $1,590,000 after acquiring an additional 4,493 shares during the last quarter. 21.09% of the stock is owned by institutional investors.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.