XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors purchased 52,857 call options on the company. This represents an increase of approximately 95% compared to the average daily volume of 27,138 call options.
XPeng Stock Up 5.5%
Shares of XPEV traded up $1.17 during trading hours on Thursday, reaching $22.44. The company's stock had a trading volume of 9,238,333 shares, compared to its average volume of 9,616,068. XPeng has a 1-year low of $10.06 and a 1-year high of $27.16. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of -35.65 and a beta of 2.51. The company has a 50 day moving average of $20.33 and a two-hundred day moving average of $19.97.
Hedge Funds Weigh In On XPeng
A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in XPeng by 70.1% in the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after purchasing an additional 532 shares during the period. SBI Securities Co. Ltd. increased its position in XPeng by 3.9% in the second quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company's stock worth $315,000 after purchasing an additional 655 shares during the period. Ballentine Partners LLC increased its position in XPeng by 5.3% in the first quarter. Ballentine Partners LLC now owns 22,798 shares of the company's stock worth $472,000 after purchasing an additional 1,151 shares during the period. Atlas Capital Advisors Inc. increased its position in XPeng by 651.0% in the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock worth $31,000 after purchasing an additional 1,302 shares during the period. Finally, Bayforest Capital Ltd increased its position in XPeng by 145.5% in the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company's stock worth $47,000 after purchasing an additional 1,353 shares during the period. Institutional investors and hedge funds own 21.09% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on XPEV shares. BNP Paribas Exane assumed coverage on shares of XPeng in a research note on Monday, August 18th. They issued a "neutral" rating and a $19.00 price objective on the stock. Citigroup raised their price target on shares of XPeng from $29.00 to $29.40 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. CLSA raised shares of XPeng to a "strong-buy" rating in a research note on Monday. BNP Paribas assumed coverage on shares of XPeng in a research note on Monday, August 18th. They set a "hold" rating on the stock. Finally, Bank of America raised their price target on shares of XPeng from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.85.
Check Out Our Latest Analysis on XPEV
XPeng Company Profile
(
Get Free Report)
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.
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