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

XPeng Inc. (NYSE:XPEV - Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors purchased 38,919 put options on the company. This is an increase of 19% compared to the average volume of 32,768 put options.

Wall Street Analysts Forecast Growth

XPEV has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective on the stock. in a report on Thursday, November 21st. UBS Group reaffirmed a "sell" rating and set a $8.80 price objective (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. Macquarie restated a "neutral" rating and set a $18.00 price target on shares of XPeng in a research report on Friday. China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. Finally, Sanford C. Bernstein boosted their price target on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, XPeng currently has a consensus rating of "Moderate Buy" and an average target price of $12.91.

Institutional Investors Weigh In On XPeng

Large investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd purchased a new stake in XPeng during the 3rd quarter worth approximately $6,233,000. FMR LLC increased its stake in XPeng by 1,053.8% during the 3rd quarter. FMR LLC now owns 323,581 shares of the company's stock worth $3,941,000 after buying an additional 295,536 shares during the period. TMT General Partner Ltd purchased a new stake in XPeng during the 4th quarter worth approximately $205,501,000. Point72 Hong Kong Ltd purchased a new stake in XPeng during the 3rd quarter worth approximately $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd increased its stake in XPeng by 36.0% during the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company's stock worth $4,969,000 after buying an additional 108,000 shares during the period. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Trading Down 7.1 %

Shares of XPeng stock traded down $1.18 on Tuesday, reaching $15.48. The company had a trading volume of 11,731,051 shares, compared to its average volume of 10,705,602. The firm's 50 day moving average price is $13.54 and its two-hundred day moving average price is $11.38. The firm has a market cap of $14.58 billion, a PE ratio of -17.79 and a beta of 2.77. XPeng has a 52-week low of $6.55 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

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.