XPENG Target of Unusually High Options Trading (NYSE:XPEV)

XPENG Inc. Sponsored ADR (NYSE:XPEV) was the recipient of some unusual options trading on Monday. Traders bought 41,939 call options on the stock. This is an increase of approximately 82% compared to the average daily volume of 23,101 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America reiterated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. BNP Paribas Exane cut XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd. Barclays cut their target price on XPENG from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday. Wall Street Zen lowered XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $25.20 price objective on shares of XPENG in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Sell rating to the company. Based on data from MarketBeat, XPENG presently has a consensus rating of “Hold” and an average target price of $25.40.

XPENG Stock Down 2.6%

Shares of NYSE XPEV opened at $13.17 on Tuesday. The company has a market capitalization of $12.58 billion, a P/E ratio of -38.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. The company has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $16.87. XPENG has a 1 year low of $11.77 and a 1 year high of $28.24.

XPENG (NYSE:XPEV) last released its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. On average, equities research analysts predict that XPENG will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On XPENG

Several large investors have recently modified their holdings of XPEV. Farther Finance Advisors LLC grew its holdings in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares during the period. EverSource Wealth Advisors LLC raised its holdings in XPENG by 45.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after buying an additional 1,212 shares during the period. Kickstand Ventures LLC. purchased a new stake in XPENG in the 4th quarter valued at about $202,000. Parallel Advisors LLC lifted its position in XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after buying an additional 584 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in XPENG by 66.3% in the first quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after buying an additional 6,571 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.