Stock Traders Purchase High Volume of Call Options on XPeng (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw some unusual options trading on Tuesday. Stock investors bought 51,091 call options on the company. This is an increase of 45% compared to the typical volume of 35,299 call options.

Analyst Upgrades and Downgrades

A number of analysts recently commented on XPEV shares. Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research report on Friday, November 22nd. Sanford C. Bernstein increased their price target on XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. UBS Group raised XPeng from a “sell” rating to a “neutral” rating and increased their price target for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.63.

XPeng Stock Performance

Shares of NYSE XPEV traded down $1.95 during mid-day trading on Tuesday, hitting $22.62. The company had a trading volume of 22,540,079 shares, compared to its average volume of 13,376,374. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of -25.99 and a beta of 2.68. XPeng has a 1 year low of $6.55 and a 1 year high of $27.16. 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 stock’s 50-day moving average price is $17.48 and its 200-day moving average price is $13.69.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, sell-side analysts forecast that XPeng will post -0.96 earnings per share for the current year.

Hedge Funds Weigh In On XPeng

A number of hedge funds and other institutional investors have recently modified their holdings of XPEV. Advisors Asset Management Inc. boosted its holdings in shares of XPeng by 48.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 49,624 shares of the company’s stock worth $604,000 after purchasing an additional 16,289 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of XPeng by 14.2% in the 3rd quarter. Citigroup Inc. now owns 293,321 shares of the company’s stock worth $3,573,000 after purchasing an additional 36,560 shares in the last quarter. FMR LLC boosted its holdings in shares of XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after purchasing an additional 295,536 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of XPeng in the 3rd quarter worth about $360,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of XPeng in the 3rd quarter worth about $22,047,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

About XPeng

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.