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

XPeng Inc. (NYSE:XPEV) was the target of some unusual options trading on Tuesday. Stock traders purchased 30,355 call options on the company. This is an increase of approximately 18% compared to the typical daily volume of 25,746 call options.

XPeng Price Performance

Shares of NYSE XPEV traded up $0.88 during midday trading on Tuesday, reaching $10.44. 12,206,514 shares of the company were exchanged, compared to its average volume of 12,880,151. XPeng has a one year low of $6.55 and a one year high of $18.74. The stock has a market cap of $9.83 billion, a P/E ratio of -6.82 and a beta of 2.75. The company has a quick ratio of 1.31, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $8.01 and its 200-day moving average price is $8.09.

XPeng (NYSE:XPEV) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The firm had revenue of $1.12 billion for the quarter. On average, sell-side analysts anticipate that XPeng will post -0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On XPeng

Several large investors have recently modified their holdings of the company. Susquehanna International Securities Ltd. acquired a new stake in XPeng in the second quarter worth $129,000. Point72 Europe London LLP acquired a new stake in shares of XPeng in the 2nd quarter valued at about $5,923,000. Bank of Montreal Can increased its position in XPeng by 212.1% in the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after buying an additional 2,724,549 shares in the last quarter. DRW Securities LLC raised its stake in XPeng by 135.1% during the 2nd quarter. DRW Securities LLC now owns 82,524 shares of the company’s stock worth $604,000 after buying an additional 47,423 shares during the period. Finally, Sei Investments Co. boosted its holdings in XPeng by 15.7% in the second quarter. Sei Investments Co. now owns 149,710 shares of the company’s stock worth $1,097,000 after acquiring an additional 20,310 shares in the last quarter. 23.05% of the stock is currently owned by institutional investors and hedge funds.

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.