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

XPeng Inc. (NYSE:XPEV) was the recipient of unusually large options trading on Thursday. Stock traders purchased 37,955 call options on the company. This is an increase of approximately 35% compared to the typical daily volume of 28,071 call options.

XPeng Stock Performance

NYSE:XPEV opened at $8.84 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 0.18. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $23.62. The firm’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $8.92. The stock has a market cap of $8.32 billion, a PE ratio of -5.97 and a beta of 2.76.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. The company had revenue of $906.90 million for the quarter. Analysts expect that XPeng will post -0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on XPEV shares. Macquarie began coverage on XPeng in a research note on Monday, April 15th. They set a “neutral” rating and a $7.00 price objective for the company. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, May 23rd. Citigroup raised shares of XPeng from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $7.70 to $8.30 in a research note on Tuesday, June 25th. Finally, Daiwa America upgraded shares of XPeng to a “strong-buy” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and an average target price of $16.10.

Hedge Funds Weigh In On XPeng

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA increased its position in shares of XPeng by 322.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after buying an additional 1,450 shares in the last quarter. Scarborough Advisors LLC purchased a new position in XPeng during the 4th quarter valued at about $52,000. Rakuten Securities Inc. acquired a new position in XPeng during the fourth quarter worth about $59,000. Natixis purchased a new stake in shares of XPeng in the first quarter valued at about $38,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of XPeng in the fourth quarter valued at approximately $102,000. 23.05% of the stock is 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.