XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $9.91, but opened at $9.52. XPENG shares last traded at $9.3950, with a volume of 2,199,408 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of XPENG from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. Barclays dropped their price target on shares of XPENG from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 25th. JPMorgan Chase & Co. lowered shares of XPENG from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $24.00 to $11.50 in a research note on Tuesday, September 29th. Finally, UBS Group started coverage on shares of XPENG in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $12.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, XPENG currently has a consensus rating of “Hold” and a consensus price target of $22.09.
Get Our Latest Stock Analysis on XPENG
XPENG Trading Down 3.0%
The business has a fifty day moving average of $10.46 and a 200-day moving average of $13.22. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of -18.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.86.
Hedge Funds Weigh In On XPENG
Several large investors have recently made changes to their positions in XPEV. Nykredit A S bought a new stake in shares of XPENG in the 2nd quarter worth approximately $825,000. TD Waterhouse Canada Inc. lifted its stake in XPENG by 91.4% during the second quarter. TD Waterhouse Canada Inc. now owns 6,680 shares of the company’s stock valued at $91,000 after purchasing an additional 3,190 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in XPENG during the third quarter valued at approximately $213,000. CX Institutional acquired a new stake in XPENG during the third quarter valued at approximately $60,000. Finally, QRG Capital Management Inc. bought a new stake in XPENG during the second quarter worth approximately $187,000. Institutional investors own 21.09% of the company’s stock.
XPENG Company Profile
XPeng Inc is a China-based technology company focused on the design, development, manufacture and sale of smart electric vehicles. The company combines electric powertrain technology with software, connectivity and advanced driver-assistance features to develop vehicles intended for digitally connected and increasingly automated transportation.
XPeng’s product portfolio has included electric sedans, sport utility vehicles and multipurpose vehicles, such as the P7 sedan, P5 sedan, G6 and G9 SUVs, and X9 multipurpose vehicle.
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