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

XPeng Inc. (NYSE:XPEV) was the target of some unusual options trading activity on Thursday. Stock traders acquired 50,052 put options on the stock. This represents an increase of approximately 43% compared to the average volume of 34,992 put options.

XPeng Stock Down 2.5 %

XPEV stock opened at $19.70 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $19.05 and a 200 day moving average of $14.43. XPeng has a twelve month low of $6.55 and a twelve month high of $27.16. The firm has a market cap of $18.56 billion, a PE ratio of -22.65 and a beta of 2.68.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. On average, research analysts forecast that XPeng will post -0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on XPEV shares. JPMorgan Chase & Co. decreased their price objective on shares of XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, March 19th. Bank of America increased their price target on shares of XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Nomura Securities raised XPeng to a “strong-buy” rating in a research report on Tuesday, March 18th. Sanford C. Bernstein set a $18.00 target price on XPeng and gave the stock a “market perform” rating in a report on Wednesday, March 19th. Finally, Barclays raised their target price on XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, XPeng has an average rating of “Hold” and a consensus target price of $22.20.

Institutional Trading of XPeng

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 898 shares in the last quarter. Avior Wealth Management LLC lifted its stake in XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after acquiring an additional 2,564 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after acquiring an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of XPeng in the fourth quarter worth approximately $41,000. Finally, Natixis bought a new stake in shares of XPeng in the fourth quarter worth approximately $43,000. Institutional investors own 21.09% of the company’s stock.

About XPeng

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.