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

XPeng Inc. (NYSE:XPEV)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $26.34, but opened at $24.94. XPeng shares last traded at $25.51, with a volume of 5,531,509 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on XPEV shares. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price for the company in a research note on Friday, November 22nd. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and raised their target price for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Macquarie reaffirmed a “neutral” rating and set a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Sanford C. Bernstein boosted their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, XPeng has an average rating of “Moderate Buy” and a consensus target price of $15.63.

XPeng Trading Down 4.2 %

The business has a 50 day moving average of $16.45 and a 200-day moving average of $13.21. The stock has a market cap of $23.76 billion, a PE ratio of -29.01 and a beta of 2.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Institutional Trading of XPeng

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $30,000 after purchasing an additional 898 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares during the period. Lindbrook Capital LLC lifted its stake in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares during the period. Golden State Wealth Management LLC acquired a new stake in XPeng during the fourth quarter worth approximately $41,000. Finally, Natixis purchased a new stake in XPeng in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

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.