XPeng Sees Unusually High Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 42,250 call options on the stock. This represents an increase of approximately 32% compared to the typical volume of 32,039 call options.

Wall Street Analyst Weigh In

XPEV has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. UBS Group reiterated a "sell" rating and set a $8.80 price objective (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. The Goldman Sachs Group lowered XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective for the company. in a report on Thursday, November 21st. Sanford C. Bernstein lifted their target price on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. Finally, China Renaissance raised shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.69.

Institutional Investors Weigh In On XPeng

A number of large investors have recently made changes to their positions in XPEV. Avior Wealth Management LLC grew its position in XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after purchasing an additional 2,564 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of XPeng in the third quarter worth $45,000. Venturi Wealth Management LLC purchased a new position in shares of XPeng during the third quarter valued at $110,000. Susquehanna International Securities Ltd. acquired a new position in XPeng during the second quarter valued at $129,000. Finally, Atomi Financial Group Inc. purchased a new stake in XPeng in the 3rd quarter worth about $129,000. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Trading Up 2.0 %

NYSE XPEV traded up $0.28 on Friday, hitting $14.15. 9,562,620 shares of the company were exchanged, compared to its average volume of 10,998,771. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng has a twelve month low of $6.55 and a twelve month high of $15.68. The firm has a market capitalization of $13.32 billion, a P/E ratio of -16.26 and a beta of 2.74. The company's 50 day moving average price is $12.61 and its 200-day moving average price is $10.49.

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.