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

XPENG Inc. Sponsored ADR (NYSE:XPEV)’s share price gapped down prior to trading on Friday . The stock had previously closed at $19.15, but opened at $18.36. XPENG shares last traded at $18.0480, with a volume of 4,501,048 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on XPEV shares. Loop Capital set a $25.00 target price on XPENG in a research report on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Wednesday, January 21st. Barclays set a $17.00 price objective on shares of XPENG in a research report on Wednesday, February 18th. Finally, Morgan Stanley reissued a “reduce” rating on shares of XPENG in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, XPENG has an average rating of “Moderate Buy” and a consensus price target of $24.84.

XPENG Trading Down 5.7%

The stock has a market capitalization of $17.15 billion, a P/E ratio of -43.13, a price-to-earnings-growth ratio of 19.50 and a beta of 1.21. The stock’s fifty day moving average price is $18.54 and its two-hundred day moving average price is $20.46. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its stake in shares of XPENG by 356.9% in the 3rd quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock valued at $25,550,000 after acquiring an additional 1,515,591 shares during the last quarter. Marshall Wace LLP grew its position in XPENG by 228.7% during the 2nd quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after acquiring an additional 1,140,593 shares during the last quarter. DNB Asset Management AS purchased a new position in XPENG in the 4th quarter worth approximately $2,325,000. Abacus Wealth Partners LLC bought a new stake in XPENG in the fourth quarter valued at approximately $1,060,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after purchasing an additional 28,983 shares during the period. 21.09% of the stock is owned by institutional investors.

XPENG Company Profile

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.