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

XPeng Inc. (NYSE:XPEV - Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors purchased 38,269 call options on the company. This is an increase of 34% compared to the typical volume of 28,462 call options.

XPeng Stock Up 15.8 %

Shares of XPEV traded up $1.28 during midday trading on Thursday, hitting $9.40. The company had a trading volume of 28,578,677 shares, compared to its average volume of 13,882,170. The company's 50-day simple moving average is $8.43 and its 200-day simple moving average 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. The firm has a market capitalization of $8.85 billion, a P/E ratio of -5.60 and a beta of 2.84. XPeng has a 1 year low of $6.55 and a 1 year high of $23.62.

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

Analyst Upgrades and Downgrades

XPEV has been the subject of several research reports. Macquarie initiated coverage on XPeng in a research report on Monday, April 15th. They issued a "neutral" rating and a $7.00 target price for the company. JPMorgan Chase & Co. dropped their target price on XPeng from $19.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, XPeng presently has an average rating of "Hold" and an average target price of $17.48.

Institutional Investors Weigh In On XPeng

Several institutional investors have recently added to or reduced their stakes in XPEV. Raymond James & Associates purchased a new stake in XPeng during the third quarter worth approximately $242,000. Lindbrook Capital LLC lifted its stake in XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company's stock valued at $58,000 after buying an additional 781 shares during the last quarter. RWC Asset Advisors US LLC purchased a new stake in XPeng in the third quarter valued at approximately $29,830,000. RWC Asset Management LLP purchased a new stake in XPeng in the third quarter valued at approximately $8,291,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in XPeng by 41.1% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,120 shares of the company's stock valued at $164,000 after buying an additional 2,657 shares during the last quarter. Hedge funds and other 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.