XPeng Sees Unusually High Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV - Get Free Report) saw unusually large options trading on Thursday. Stock investors acquired 50,052 put options on the stock. This is an increase of 43% compared to the average volume of 34,992 put options.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of XPeng in the 4th quarter valued at approximately $70,000. Vise Technologies Inc. bought a new stake in XPeng in the fourth quarter valued at $142,000. Vident Advisory LLC raised its stake in XPeng by 7.6% during the fourth quarter. Vident Advisory LLC now owns 53,632 shares of the company's stock worth $634,000 after acquiring an additional 3,810 shares in the last quarter. Twinbeech Capital LP lifted its holdings in shares of XPeng by 22.4% during the fourth quarter. Twinbeech Capital LP now owns 407,097 shares of the company's stock valued at $4,812,000 after acquiring an additional 74,574 shares during the period. Finally, Polar Capital Holdings Plc bought a new stake in shares of XPeng in the 4th quarter worth about $6,596,000. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Stock Performance

Shares of XPEV traded up $1.09 during mid-day trading on Monday, hitting $20.79. The company's stock had a trading volume of 10,800,466 shares, compared to its average volume of 13,049,826. XPeng has a one year low of $6.55 and a one year high of $27.16. The stock's 50-day moving average is $19.05 and its two-hundred day moving average is $14.51. The firm has a market capitalization of $19.58 billion, a PE ratio of -23.89 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

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XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. As a group, sell-side analysts anticipate that XPeng will post -0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America boosted their price target on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. cut their price target on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Barclays upped their price objective on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. Nomura upgraded XPeng from a "neutral" rating to a "buy" rating and raised their target price for the company from $14.00 to $30.00 in a report on Wednesday, March 19th. Finally, Daiwa Capital Markets reiterated a "neutral" rating and set a $24.00 price target on shares of XPeng in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, XPeng has a consensus rating of "Hold" and an average price target of $22.20.

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.