XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw unusually large options trading activity on Thursday. Investors acquired 43,912 call options on the stock. This is an increase of 46% compared to the average daily volume of 30,068 call options.

Institutional Trading of XPeng

Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. raised its stake in XPeng by 83.0% during the 1st quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock valued at $994,000 after purchasing an additional 58,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in XPeng by 35.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 978,588 shares of the company’s stock valued at $7,516,000 after purchasing an additional 257,300 shares during the last quarter. Natixis acquired a new position in XPeng during the 1st quarter valued at $38,000. Renaissance Technologies LLC acquired a new position in XPeng during the 2nd quarter valued at $1,006,000. Finally, Seven Eight Capital LP raised its stake in XPeng by 2,254.4% during the 1st quarter. Seven Eight Capital LP now owns 284,155 shares of the company’s stock valued at $2,182,000 after purchasing an additional 272,086 shares during the last quarter. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on XPEV shares. Citigroup decreased their price target on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Bank of America cut their price objective on shares of XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. One investment analyst has rated the stock with 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 has a consensus rating of “Buy” and an average price target of $9.42.

XPeng Stock Performance

Shares of XPEV opened at $14.49 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50. The company has a market capitalization of $13.65 billion, a PE ratio of -11.66 and a beta of 2.80. The company’s 50 day moving average price is $10.80 and its 200 day moving average price is $8.89. XPeng has a 52 week low of $6.55 and a 52 week high of $18.74.

XPeng (NYSE:XPEV) last posted its earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. The business had revenue of $1.12 billion during the quarter. Research analysts expect that XPeng will post -0.96 EPS for the current fiscal year.

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.