XPeng Target of Unusually High Options Trading (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the recipient of unusually large options trading on Thursday. Investors acquired 38,269 call options on the stock. This is an increase of 34% compared to the typical volume of 28,462 call options.

Hedge Funds Weigh In On XPeng

Several hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA lifted its stake in XPeng by 322.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,450 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of XPeng during the 4th quarter worth approximately $52,000. Lindbrook Capital LLC lifted its holdings in XPeng by 33.0% during the 3rd quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after purchasing an additional 781 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of XPeng in the fourth quarter valued at $59,000. Finally, Headlands Technologies LLC acquired a new stake in shares of XPeng during the 3rd quarter worth about $65,000. Institutional investors own 23.05% of the company’s stock.

XPeng Stock Up 16.9 %

NYSE XPEV traded up $1.37 during trading on Thursday, hitting $9.49. The stock had a trading volume of 23,771,959 shares, compared to its average volume of 13,813,863. The company has a market capitalization of $8.94 billion, a PE ratio of -5.21 and a beta of 2.84. XPeng has a 12 month low of $6.55 and a 12 month high of $23.62. The company’s 50-day moving average price is $8.43 and its two-hundred day moving average price is $11.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

XPeng (NYSE:XPEV) last announced its earnings results on Tuesday, March 19th. The company reported ($0.21) EPS for the quarter. The business had revenue of $1.84 billion for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. As a group, sell-side analysts forecast that XPeng will post -1.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Macquarie initiated coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.48.

About XPeng

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.