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

XPeng Inc. (NYSE:XPEV) saw unusually large options trading on Tuesday. Traders bought 51,091 call options on the company. This represents an increase of 45% compared to the average volume of 35,299 call options.

XPeng Stock Performance

Shares of NYSE XPEV traded down $1.78 during trading hours on Thursday, hitting $22.02. 6,239,117 shares of the company’s stock were exchanged, compared to its average volume of 13,303,654. XPeng has a 1-year low of $6.55 and a 1-year high of $27.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of -25.31 and a beta of 2.68. The company’s 50-day moving average price is $17.90 and its 200-day moving average price is $13.86.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock valued at $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% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after purchasing an additional 2,564 shares during the period. Lindbrook Capital LLC lifted its stake in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after purchasing an additional 1,138 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of XPeng in the 4th quarter valued at $41,000. Finally, Natixis acquired a new position in shares of XPeng in the 4th quarter valued at $43,000. 21.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XPEV has been the topic of a number of research analyst reports. Bank of America boosted their target price on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group downgraded XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price objective on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. Finally, Macquarie restated a “neutral” rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, XPeng presently has an average rating of “Moderate Buy” and a consensus target price of $22.02.

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.