IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 47,040 Shares of XPeng Inc. (NYSE:XPEV)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in shares of XPeng Inc. (NYSE:XPEV) by 43.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,858 shares of the company’s stock after selling 47,040 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in XPeng were worth $719,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of XPeng by 55.8% during 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 increased its holdings in XPeng by 1,215.2% during the 4th 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 during the period. Lindbrook Capital LLC lifted its stake in XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in XPeng in the 4th quarter worth approximately $41,000. Finally, Compagnie Lombard Odier SCmA boosted its holdings in XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after purchasing an additional 7,665 shares during the period. Hedge funds and other institutional investors own 21.09% of the company’s stock.

XPeng Stock Down 2.5 %

Shares of NYSE XPEV opened at $19.70 on Friday. The stock has a market capitalization of $18.56 billion, a P/E ratio of -22.65 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng Inc. has a one year low of $6.55 and a one year high of $27.16. The firm’s 50 day simple moving average is $19.05 and its two-hundred day simple moving average is $14.43.

XPeng (NYSE:XPEV) last released its earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($1.36) by $1.17. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, analysts expect that XPeng Inc. will post -0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on XPEV shares. Macquarie reaffirmed a “neutral” rating and issued a $18.00 price target on shares of XPeng in a report on Friday, February 7th. Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price target on XPeng and gave the company a “market perform” rating in a report on Wednesday, March 19th. Daiwa America lowered XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Bank of America raised their target price on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.20.

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.