XPENG (NYSE:XPEV) Stock Price Down 4.6% – Time to Sell?

XPENG Inc. Sponsored ADR (NYSE:XPEV) shares fell 4.6% during trading on Monday . The stock traded as low as $12.28 and last traded at $12.4040. 3,139,812 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 6,780,198 shares. The stock had previously closed at $13.00.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XPEV. Jefferies Financial Group reissued a “buy” rating and issued a $25.20 target price on shares of XPENG in a report on Friday, May 29th. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research note on Friday, July 17th. Wall Street Zen lowered shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. BNP Paribas Exane cut shares of XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.40.

XPENG Trading Down 2.5%

The stock has a 50 day moving average of $13.88 and a 200-day moving average of $16.28. The company has a market capitalization of $11.51 billion, a P/E ratio of -35.46 and a beta of 1.13. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV) last released its earnings results on Thursday, May 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, research analysts predict that XPENG Inc. Sponsored ADR will post -0.36 EPS for the current year.

Institutional Trading of XPENG

Several institutional investors and hedge funds have recently modified their holdings of XPEV. Farther Finance Advisors LLC lifted its stake in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after buying an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in XPENG by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after acquiring an additional 1,212 shares during the period. Kickstand Ventures LLC. bought a new stake in XPENG during the fourth quarter valued at about $202,000. Parallel Advisors LLC lifted its position in shares of XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after acquiring an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after acquiring an additional 6,571 shares in the last quarter. 21.09% of the stock is currently 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.