XPeng (NYSE:XPEV) Trading Down 5.6% - What's Next?

XPeng Inc. (NYSE:XPEV - Get Free Report) shares traded down 5.6% during mid-day trading on Monday . The stock traded as low as $20.07 and last traded at $20.30. 5,102,595 shares traded hands during trading, a decline of 55% from the average session volume of 11,404,610 shares. The stock had previously closed at $21.49.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 target price for the company. in a research note on Thursday, November 21st. UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and boosted their price target for the company from $8.80 to $18.00 in a report on Monday, February 24th. Sanford C. Bernstein increased their price objective on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. Citigroup reduced their target price on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating for the company in a research note on Wednesday, November 20th. Finally, China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research note on Friday, November 22nd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $13.93.

XPeng Stock Up 7.1 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The firm has a market capitalization of $20.40 billion, a P/E ratio of -24.89 and a beta of 2.68. The firm's fifty day moving average price is $15.36 and its 200-day moving average price is $12.64.

Hedge Funds Weigh In On XPeng

Several hedge funds have recently modified their holdings of XPEV. EverSource Wealth Advisors LLC lifted its holdings in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares during the period. Avior Wealth Management LLC raised its position in XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after acquiring an additional 2,564 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after acquiring an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of XPeng during the 4th quarter valued at about $41,000. Finally, Natixis acquired a new position in shares of XPeng in the 4th quarter worth approximately $43,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

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.