Traders Buy Large Volume of Call Options on XPeng (NYSE:XPEV)

XPeng Inc. Sponsored ADR (NYSE:XPEV) saw unusually large options trading on Tuesday. Investors purchased 27,911 call options on the company. Thisrepresentsanincreaseofapproximately12% compared to the average volume of 24,891 call options.

Institutional Trading of XPeng

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in shares of XPeng by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after purchasing an additional 28,983 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of XPeng by 228.7% during the 2nd quarter. Marshall Wace LLP now owns 1,639,403 shares of the company’s stock worth $29,313,000 after purchasing an additional 1,140,593 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of XPeng by 3.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company’s stock worth $315,000 after purchasing an additional 655 shares in the last quarter. Ethic Inc. grew its holdings in shares of XPeng by 6.8% during the 2nd quarter. Ethic Inc. now owns 77,604 shares of the company’s stock worth $1,407,000 after purchasing an additional 4,926 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in shares of XPeng by 18,967.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock worth $178,000 after purchasing an additional 10,053 shares in the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XPEV has been the topic of a number of research analyst reports. Macquarie increased their price target on XPeng from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. BNP Paribas initiated coverage on XPeng in a research note on Monday, August 18th. They issued a “hold” rating on the stock. Morgan Stanley set a $28.00 price target on XPeng and gave the company an “overweight” rating in a research note on Thursday, June 12th. Bank of America increased their price target on XPeng from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Finally, BNP Paribas Exane initiated coverage on XPeng in a research note on Monday, August 18th. They issued a “neutral” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, XPeng presently has an average rating of “Moderate Buy” and a consensus price target of $23.85.

XPeng Stock Performance

XPEV opened at $24.25 on Wednesday. The firm has a market cap of $23.02 billion, a P/E ratio of -38.50 and a beta of 2.50. XPeng has a 52-week low of $7.16 and a 52-week high of $27.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.14. The business’s fifty day moving average is $19.18 and its 200-day moving average is $19.68.

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.