XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw some unusual options trading activity on Thursday. Investors purchased 43,912 call options on the company. This represents an increase of approximately 46% compared to the average daily volume of 30,068 call options.

XPeng Trading Up 1.9 %

XPEV opened at $14.49 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $13.65 billion, a PE ratio of -11.66 and a beta of 2.80. XPeng has a 1-year low of $6.55 and a 1-year high of $18.74. The firm has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $8.89.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $1.12 billion during the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. As a group, equities analysts anticipate that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XPEV. Mirae Asset Global Investments Co. Ltd. boosted its stake in XPeng by 35.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 978,588 shares of the company’s stock worth $7,516,000 after acquiring an additional 257,300 shares during the last quarter. SG Americas Securities LLC boosted its stake in XPeng by 292.7% during the 1st quarter. SG Americas Securities LLC now owns 265,106 shares of the company’s stock worth $2,036,000 after acquiring an additional 197,601 shares during the last quarter. OPTIMAS CAPITAL Ltd boosted its stake in XPeng by 18.3% during the 1st quarter. OPTIMAS CAPITAL Ltd now owns 82,776 shares of the company’s stock worth $636,000 after acquiring an additional 12,776 shares during the last quarter. SIH Partners LLLP boosted its stake in XPeng by 132.9% during the 1st quarter. SIH Partners LLLP now owns 447,200 shares of the company’s stock worth $3,434,000 after acquiring an additional 255,200 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in XPeng by 83.0% during the 1st quarter. Sei Investments Co. now owns 129,400 shares of the company’s stock worth $994,000 after buying an additional 58,700 shares during the period. Institutional investors own 23.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XPEV. Bank of America dropped their price objective on shares of XPeng from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Citigroup dropped their price objective on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $8.00 to $11.50 in a research note on Thursday, September 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $9.42.

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.