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

XPeng Inc. Sponsored ADR (NYSE:XPEV) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 56,090 call options on the stock. This represents an increase of 33% compared to the average volume of 42,026 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of XPeng by 16.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after purchasing an additional 389 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in 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 purchasing an additional 655 shares during the period. Greenleaf Trust boosted its stake in XPeng by 4.7% during the third quarter. Greenleaf Trust now owns 17,005 shares of the company’s stock worth $398,000 after buying an additional 770 shares in the last quarter. Parallel Advisors LLC increased its holdings in XPeng by 11.0% in the 3rd quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock valued at $227,000 after buying an additional 964 shares during the period. Finally, Atlas Capital Advisors Inc. raised its stake in shares of XPeng by 651.0% in the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company’s stock valued at $31,000 after buying an additional 1,302 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on XPEV shares. Morgan Stanley reiterated an “overweight” rating and set a $34.00 price objective on shares of XPeng in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPeng in a report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on XPeng in a research report on Monday, August 18th. They issued a “neutral” rating and a $19.00 price target for the company. CLSA upgraded XPeng to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Bank of America upped their price objective 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. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, XPeng presently has a consensus rating of “Moderate Buy” and an average price target of $25.37.

XPeng Stock Down 3.9%

XPEV opened at $18.89 on Thursday. XPeng has a fifty-two week low of $11.14 and a fifty-two week high of $28.24. The business has a 50-day moving average of $22.58 and a 200-day moving average of $20.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95. The company has a market capitalization of $17.92 billion, a PE ratio of -44.96 and a beta of 1.05.

XPeng (NYSE:XPEV) last posted its earnings results on Monday, November 17th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.47) by $0.41. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $20.48 billion. XPeng had a negative net margin of 4.02% and a negative return on equity of 9.25%. Equities research analysts forecast that XPeng will post -0.96 EPS for the current fiscal year.

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.