XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the recipient of some unusual options trading on Thursday. Stock investors purchased 38,269 call options on the stock. This represents an increase of 34% compared to the typical daily volume of 28,462 call options.

Institutional Trading of XPeng

Institutional investors and hedge funds have recently bought and sold shares of the company. Capstone Investment Advisors LLC raised its stake in shares of XPeng by 399.0% in the first quarter. Capstone Investment Advisors LLC now owns 123,271 shares of the company’s stock valued at $947,000 after acquiring an additional 98,569 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of XPeng by 35.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 978,588 shares of the company’s stock valued at $7,516,000 after buying an additional 257,300 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of XPeng by 17.6% during the first quarter. Van ECK Associates Corp now owns 232,428 shares of the company’s stock valued at $1,785,000 after buying an additional 34,788 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of XPeng by 16.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 90,000 shares of the company’s stock valued at $691,000 after purchasing an additional 12,600 shares during the last quarter. Finally, XY Capital Ltd raised its position in shares of XPeng by 60.3% in the 1st quarter. XY Capital Ltd now owns 122,862 shares of the company’s stock valued at $944,000 after purchasing an additional 46,212 shares during the last quarter. 23.05% of the stock is currently owned by institutional investors.

XPeng Stock Performance

Shares of NYSE XPEV traded up $1.37 during midday trading on Thursday, hitting $9.49. The company’s stock had a trading volume of 23,771,959 shares, compared to its average volume of 13,813,863. The stock has a fifty day moving average price of $8.43 and a 200 day moving average price of $11.67. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of -5.21 and a beta of 2.84. XPeng has a one year low of $6.55 and a one year high of $23.62.

XPeng (NYSE:XPEV) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business 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%. On average, research analysts forecast that XPeng will post -1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPEV has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Macquarie assumed coverage on shares of XPeng in a research report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.48.

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.