IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in XPEV. EverSource Wealth Advisors LLC boosted its position in XPeng by 55.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the period. Avior Wealth Management LLC lifted its stake in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after buying an additional 1,138 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of XPeng in the fourth quarter valued at about $41,000. Finally, Compagnie Lombard Odier SCmA raised its holdings in shares of XPeng by 1,703.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock valued at $96,000 after buying an additional 7,665 shares during the period. Institutional investors and hedge funds own 21.09% of the company's stock.
XPeng Stock Up 5.5 %
XPeng stock traded up $1.09 during midday trading on Monday, hitting $20.79. The stock had a trading volume of 10,812,151 shares, compared to its average volume of 13,049,928. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average price of $19.05 and a 200 day moving average price of $14.51. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $27.16. The stock has a market cap of $19.58 billion, a P/E ratio of -23.89 and a beta of 2.68.
XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.36) by $1.17. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Research analysts predict that XPeng Inc. will post -0.96 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on XPEV shares. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and upped their price target for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Sanford C. Bernstein set a $18.00 target price on shares of XPeng and gave the stock a "market perform" rating in a research report on Wednesday, March 19th. Daiwa Capital Markets reaffirmed a "neutral" rating and set a $24.00 price target on shares of XPeng in a report on Wednesday, March 19th. Bank of America boosted their price objective on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the company from $14.00 to $30.00 in a research report 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.20.
Read Our Latest Research Report on XPeng
XPeng Profile
(
Free Report)
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.
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