XPeng Target of Unusually Large Options Trading (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the target of some unusual options trading on Thursday. Traders acquired 50,052 put options on the stock. This is an increase of 43% compared to the average volume of 34,992 put options.

Institutional Trading of XPeng

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

XPeng Stock Performance

NYSE:XPEV traded down $0.54 during mid-day trading on Thursday, reaching $20.18. The company’s stock had a trading volume of 7,602,259 shares, compared to its average volume of 13,156,486. 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 has a market cap of $19.01 billion, a P/E ratio of -23.17 and a beta of 2.68. The firm’s fifty day moving average price is $18.81 and its two-hundred day moving average price is $14.32. XPeng has a 12-month low of $6.55 and a 12-month high of $27.16.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.36) by $1.17. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. On average, equities analysts forecast that XPeng will post -0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Sanford C. Bernstein set a $18.00 target price on XPeng and gave the company a “market perform” rating in a research note on Wednesday, March 19th. Bank of America lifted their price target on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. Daiwa America cut shares of XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Macquarie reiterated a “neutral” rating and set a $18.00 target price on shares of XPeng in a report on Friday, February 7th. Finally, Nomura upgraded XPeng from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.20.

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.