XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw unusually large options trading on Monday. Investors bought 32,793 call options on the stock. This represents an increase of approximately 32% compared to the average volume of 24,854 call options.

XPeng Price Performance

Shares of XPEV stock opened at $6.77 on Wednesday. The firm’s 50 day moving average price is $7.74 and its two-hundred day moving average price is $8.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 1.50. XPeng has a 52-week low of $6.55 and a 52-week high of $19.96. The stock has a market cap of $6.38 billion, a PE ratio of -4.57 and a beta of 2.76.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share (EPS) 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 during the quarter. As a group, analysts forecast that XPeng will post -0.91 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America lowered their price objective on shares of XPeng from $12.70 to $11.70 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Daiwa Capital Markets upgraded shares of XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, May 23rd. Daiwa America raised XPeng to a “strong-buy” rating in a report on Thursday, May 23rd. Finally, Citigroup raised XPeng from a “sell” rating to a “neutral” rating and lifted their target price for the company from $7.70 to $8.30 in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, XPeng currently has a consensus rating of “Moderate Buy” and an average price target of $11.49.

Institutional Investors Weigh In On XPeng

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis bought a new stake in shares of XPeng in the 1st quarter valued at about $38,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in XPeng by 122.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company’s stock valued at $39,000 after purchasing an additional 2,920 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in XPeng in the fourth quarter worth $52,000. Blue Trust Inc. boosted its position in shares of XPeng by 2,615.9% during the second quarter. Blue Trust Inc. now owns 9,750 shares of the company’s stock worth $75,000 after purchasing an additional 9,391 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new position in shares of XPeng in the 2nd quarter valued at $78,000. Institutional investors own 23.05% of the company’s stock.

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.