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

XPeng Inc. (NYSE:XPEV) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 38,269 call options on the stock. This represents an increase of 34% compared to the average daily volume of 28,462 call options.

XPeng Stock Down 3.5 %

Shares of NYSE XPEV opened at $9.07 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $8.43 and its two-hundred day moving average is $11.65. XPeng has a 52-week low of $6.55 and a 52-week high of $23.62. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of -5.40 and a beta of 2.84.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. The firm had revenue of $1.84 billion during the quarter. Research analysts predict that XPeng will post -1.25 EPS for the current year.

Institutional Trading of XPeng

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capstone Investment Advisors LLC grew its stake in shares of XPeng by 399.0% in the first quarter. Capstone Investment Advisors LLC now owns 123,271 shares of the company’s stock worth $947,000 after acquiring an additional 98,569 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in XPeng by 35.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 978,588 shares of the company’s stock worth $7,516,000 after purchasing an additional 257,300 shares in the last quarter. Van ECK Associates Corp increased its holdings in XPeng by 17.6% during the 1st quarter. Van ECK Associates Corp now owns 232,428 shares of the company’s stock worth $1,785,000 after purchasing an additional 34,788 shares during the period. China Universal Asset Management Co. Ltd. raised its position in XPeng by 16.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 90,000 shares of the company’s stock valued at $691,000 after purchasing an additional 12,600 shares in the last quarter. Finally, XY Capital Ltd raised its position in XPeng by 60.3% in the 1st quarter. XY Capital Ltd now owns 122,862 shares of the company’s stock valued at $944,000 after purchasing an additional 46,212 shares in the last quarter. 23.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on XPEV shares. Macquarie initiated coverage on shares of XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 price target on the stock. JPMorgan Chase & Co. cut their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.48.

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.