Traders Purchase Large Volume of XPeng Call Options (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV - Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders purchased 51,091 call options on the stock. This is an increase of approximately 45% compared to the typical volume of 35,299 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XPEV shares. Macquarie reissued a "neutral" rating and set a $18.00 price objective on shares of XPeng in a research note on Friday, February 7th. Citigroup raised XPeng from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $13.70 to $29.00 in a report on Monday, March 10th. Daiwa Capital Markets restated a "neutral" rating and issued a $24.00 target price on shares of XPeng in a report on Wednesday. Bank of America raised their price objective on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Barclays boosted their target price on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, XPeng currently has a consensus rating of "Hold" and an average price target of $21.84.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TMT General Partner Ltd acquired a new position in shares of XPeng in the fourth quarter worth about $205,501,000. Alibaba Group Holding Ltd raised its position in shares of XPeng by 21.2% in the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock valued at $448,678,000 after purchasing an additional 6,650,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of XPeng during the third quarter worth approximately $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of XPeng by 947.5% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock worth $20,800,000 after buying an additional 1,591,750 shares during the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

XPeng Trading Down 1.2 %

Shares of XPEV stock traded down $0.27 during mid-day trading on Friday, reaching $21.81. The company's stock had a trading volume of 12,586,942 shares, compared to its average volume of 13,225,797. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng has a 12-month low of $6.55 and a 12-month high of $27.16. The firm has a market capitalization of $20.54 billion, a PE ratio of -25.06 and a beta of 2.68. The company's 50 day simple moving average is $18.29 and its 200-day simple moving average is $14.02.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, research analysts predict that XPeng will post -0.96 EPS for the current fiscal year.

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.