Investors Buy High Volume of Call Options on XPeng (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the recipient of unusually large options trading on Thursday. Investors acquired 42,250 call options on the company. This represents an increase of approximately 32% compared to the average volume of 32,039 call options.

Analysts Set New Price Targets

XPEV has been the subject of several research reports. UBS Group restated a “sell” rating and set a $8.80 price target (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a research note on Friday, November 22nd. Citigroup decreased their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. Sanford C. Bernstein lifted their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group cut shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, XPeng has a consensus rating of “Moderate Buy” and an average target price of $11.69.

Hedge Funds Weigh In On XPeng

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in XPeng in the 3rd quarter worth approximately $45,000. Venturi Wealth Management LLC purchased a new stake in shares of XPeng during the third quarter valued at $110,000. Susquehanna International Securities Ltd. acquired a new position in shares of XPeng in the 2nd quarter valued at $129,000. Atomi Financial Group Inc. acquired a new stake in XPeng during the 3rd quarter worth about $129,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of XPeng by 24.3% in the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after purchasing an additional 2,609 shares during the period. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Trading Up 6.3 %

XPEV traded up $0.82 on Thursday, reaching $13.87. 9,857,581 shares of the company traded hands, compared to its average volume of 10,778,893. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $10.47. The company has a market cap of $13.07 billion, a P/E ratio of -15.90 and a beta of 2.74. XPeng has a one year low of $6.55 and a one year high of $15.68.

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.