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

XPeng Inc. (NYSE:XPEV) was the target of unusually large options trading activity on Wednesday. Traders purchased 55,177 call options on the stock. This is an increase of 78% compared to the average daily volume of 31,050 call options.

Analyst Upgrades and Downgrades

Several research firms recently commented on XPEV. Citigroup cut their target price on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a research note on Friday, November 22nd. Macquarie reiterated a “neutral” rating and set a $18.00 target price on shares of XPeng in a research report on Friday, February 7th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and increased their target price for the stock from $8.80 to $18.00 in a research report on Monday. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.93.

Hedge Funds Weigh In On XPeng

Institutional investors have recently modified their holdings of the company. Creative Planning raised its position in XPeng by 20.3% in the 3rd quarter. Creative Planning now owns 39,725 shares of the company’s stock valued at $484,000 after buying an additional 6,704 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of XPeng during the 3rd quarter valued at $45,000. Sequoia Financial Advisors LLC increased its position in shares of XPeng by 24.3% during the 3rd 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 last quarter. Ballentine Partners LLC increased its position in shares of XPeng by 32.8% during the 3rd quarter. Ballentine Partners LLC now owns 17,542 shares of the company’s stock valued at $214,000 after purchasing an additional 4,335 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of XPeng by 4.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 113,959 shares of the company’s stock valued at $1,450,000 after purchasing an additional 4,706 shares during the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Stock Performance

NYSE:XPEV opened at $22.04 on Thursday. The stock has a market cap of $20.76 billion, a P/E ratio of -25.33 and a beta of 2.77. 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 is $14.70 and its 200-day moving average is $12.20. XPeng has a 1-year low of $6.55 and a 1-year high of $22.26.

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.