Investors Purchase High Volume of XPeng Call Options (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 30,355 call options on the stock. This represents an increase of approximately 18% compared to the average volume of 25,746 call options.

Institutional Investors Weigh In On XPeng

Hedge funds and other institutional investors have recently modified their holdings of the company. Scarborough Advisors LLC purchased a new position in XPeng in the fourth quarter worth $52,000. Natixis purchased a new stake in shares of XPeng in the 1st quarter valued at about $38,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of XPeng by 122.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company's stock valued at $39,000 after acquiring an additional 2,920 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of XPeng by 2,615.9% in the 2nd quarter. Blue Trust Inc. now owns 9,750 shares of the company's stock valued at $75,000 after acquiring an additional 9,391 shares in the last quarter. Finally, Caas Capital Management LP purchased a new position in shares of XPeng during the 4th quarter valued at about $153,000. Institutional investors own 23.05% of the company's stock.

XPeng Trading Up 11.9 %

XPEV stock traded up $1.14 during mid-day trading on Tuesday, reaching $10.70. The company's stock had a trading volume of 20,663,753 shares, compared to its average volume of 12,926,708. The company has a market cap of $10.08 billion, a price-to-earnings ratio of -7.20 and a beta of 2.75. The business's 50 day moving average price is $8.01 and its 200 day moving average price is $8.09. The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. XPeng has a 12 month low of $6.55 and a 12 month high of $18.74.

XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The business had revenue of $1.12 billion during the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. On average, equities research analysts predict that XPeng will post -0.95 EPS for the current year.

Analysts Set New Price Targets

XPEV has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded XPeng from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. Citigroup reduced their price objective on XPeng from $8.30 to $7.60 and set a "neutral" rating on the stock in a research note on Wednesday, August 21st. Bank of America cut their price target on XPeng from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, August 21st. Finally, Macquarie upgraded XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $9.42.

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.