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

XPeng Inc. Sponsored ADR (NYSE:XPEV) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 55,103 call options on the stock. This is an increase of approximately 65% compared to the typical daily volume of 33,324 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XPEV shares. Morgan Stanley set a $28.00 price target on shares of XPeng and gave the company an “overweight” rating in a research report on Thursday, June 12th. Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 19th. Finally, Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.73.

XPeng Stock Performance

Shares of NYSE:XPEV opened at $18.38 on Thursday. The stock has a market capitalization of $17.44 billion, a P/E ratio of -24.51 and a beta of 2.51. XPeng has a 1-year low of $6.60 and a 1-year high of $27.16. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $18.10.

XPeng (NYSE:XPEV) last posted its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.51) by $1.41. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. Equities analysts predict that XPeng will post -0.96 earnings per share for the current year.

Institutional Investors Weigh In On XPeng

A number of institutional investors and hedge funds have recently made changes to their positions in XPEV. SBI Securities Co. Ltd. bought a new stake in XPeng in the 4th quarter valued at $212,000. Lindbrook Capital LLC boosted its stake in XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in XPeng by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock valued at $154,000 after buying an additional 716 shares in the last quarter. HighTower Advisors LLC raised its position in XPeng by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 14,507 shares of the company’s stock valued at $171,000 after purchasing an additional 3,102 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock valued at $170,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors own 21.09% of the company’s stock.

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.