Investors Buy High Volume of Call Options on XPeng (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw some unusual options trading activity on Thursday. Traders bought 38,269 call options on the company. This is an increase of approximately 34% compared to the typical volume of 28,462 call options.

XPeng Price Performance

XPeng stock opened at $9.40 on Friday. The firm has a fifty day moving average of $8.43 and a 200-day moving average of $11.67. XPeng has a 52-week low of $6.55 and a 52-week high of $23.62. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $8.85 billion, a P/E ratio of -5.60 and a beta of 2.84.

XPeng (NYSE:XPEV) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. The company had revenue of $1.84 billion during the quarter. As a group, analysts predict that XPeng will post -1.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XPEV. Compagnie Lombard Odier SCmA grew its stake in shares of XPeng by 322.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company’s stock valued at $28,000 after acquiring an additional 1,450 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of XPeng in the fourth quarter worth about $52,000. Lindbrook Capital LLC boosted its holdings in XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company’s stock valued at $58,000 after purchasing an additional 781 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in XPeng during the 4th quarter valued at approximately $59,000. Finally, Headlands Technologies LLC acquired a new stake in shares of XPeng during the third quarter worth approximately $65,000. 23.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XPEV has been the subject of several research analyst reports. Macquarie initiated coverage on shares of XPeng in a research report on Monday, April 15th. They set a “neutral” rating and a $7.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on XPeng from $19.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Three equities 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’s stock. According to MarketBeat, XPeng has an average rating of “Hold” and an average price target of $17.48.

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.