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

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 55,103 call options on the company. This represents an increase of approximately 65% compared to the average daily volume of 33,324 call options.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XPEV shares. Daiwa Capital Markets restated a "neutral" rating and issued a $24.00 price objective on shares of XPeng in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Daiwa America downgraded shares of XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Bank of America upped their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Finally, Sanford C. Bernstein set a $19.00 target price on XPeng and gave the company a "market perform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, XPeng presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.73.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock valued at $27,000 after purchasing an additional 532 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of XPeng by 5.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock worth $154,000 after buying an additional 716 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock valued at $286,000 after acquiring an additional 913 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock valued at $170,000 after acquiring an additional 1,027 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Trading Up 2.2%

Shares of NYSE:XPEV traded up $0.39 on Tuesday, reaching $18.27. 8,209,766 shares of the company traded hands, compared to its average volume of 11,848,193. XPeng has a 52 week low of $6.60 and a 52 week high of $27.16. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $19.60 and its 200 day simple moving average is $18.09. The stock has a market capitalization of $17.34 billion, a P/E ratio of -24.36 and a beta of 2.51.

XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.51) by $1.41. XPeng had a negative return on equity of 15.89% and a negative net margin of 10.20%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. As a group, equities analysts anticipate that XPeng will post -0.96 EPS for the current fiscal year.

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.