Investors Purchase Large Volume of Call Options on XPeng (NYSE:XPEV)

XPeng Inc. Sponsored ADR (NYSE:XPEV) saw unusually large options trading on Thursday. Investors bought 52,857 call options on the company. This represents an increase of approximately 95% compared to the average daily volume of 27,138 call options.

XPeng Stock Up 4.7%

NYSE XPEV opened at $22.27 on Friday. The stock’s 50 day simple moving average is $20.41 and its 200 day simple moving average is $19.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.00. XPeng has a one year low of $10.06 and a one year high of $27.16. The firm has a market cap of $21.13 billion, a PE ratio of -35.34 and a beta of 2.51.

Analyst Ratings Changes

A number of research analysts recently commented on XPEV shares. Morgan Stanley set a $28.00 target price on XPeng and gave the company an “overweight” rating in a research note on Thursday, June 12th. BNP Paribas Exane began coverage on shares of XPeng in a report on Monday, August 18th. They set a “neutral” rating and a $19.00 price objective for the company. Bank of America upped their target price on shares of XPeng from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Citigroup lifted their price objective on XPeng from $29.00 to $29.40 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, BNP Paribas initiated coverage on XPeng in a research note on Monday, August 18th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.85.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in XPeng by 70.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company’s stock worth $27,000 after buying an additional 532 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of XPeng by 3.9% in the second quarter. SBI Securities Co. Ltd. now owns 17,613 shares of the company’s stock worth $315,000 after acquiring an additional 655 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of XPeng by 5.3% during the first quarter. Ballentine Partners LLC now owns 22,798 shares of the company’s stock worth $472,000 after purchasing an additional 1,151 shares in the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of XPeng by 651.0% during the first quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock valued at $31,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of XPeng by 145.5% in the first quarter. Bayforest Capital Ltd now owns 2,283 shares of the company’s stock valued at $47,000 after purchasing an additional 1,353 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

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.