XPeng Sees Unusually High Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV - Get Free Report) saw unusually large options trading on Wednesday. Stock investors bought 55,177 call options on the stock. This is an increase of 78% compared to the average volume of 31,050 call options.

XPeng Price Performance

XPEV stock traded down $0.76 during trading on Friday, hitting $21.50. The company had a trading volume of 14,441,558 shares, compared to its average volume of 11,591,074. The company has a fifty day moving average price of $15.07 and a two-hundred day moving average price of $12.45. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $20.26 billion, a P/E ratio of -24.72 and a beta of 2.77. XPeng has a fifty-two week low of $6.55 and a fifty-two week high of $22.80.

Hedge Funds Weigh In On XPeng

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in XPeng in the fourth quarter worth $70,000. Vise Technologies Inc. acquired a new position in XPeng in the fourth quarter worth $142,000. Vident Advisory LLC boosted its stake in XPeng by 7.6% in the fourth quarter. Vident Advisory LLC now owns 53,632 shares of the company's stock worth $634,000 after purchasing an additional 3,810 shares in the last quarter. Twinbeech Capital LP boosted its stake in XPeng by 22.4% in the fourth quarter. Twinbeech Capital LP now owns 407,097 shares of the company's stock worth $4,812,000 after purchasing an additional 74,574 shares in the last quarter. Finally, Polar Capital Holdings Plc acquired a new position in XPeng in the fourth quarter worth $6,596,000. Institutional investors and hedge funds own 21.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XPEV shares. China Renaissance upgraded XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group cut XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective on the stock. in a research report on Thursday, November 21st. Sanford C. Bernstein boosted their price objective on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a research report on Wednesday, November 20th. Macquarie restated a "neutral" rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Finally, Citigroup lowered their price objective on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.93.

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.