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

XPENG Inc. Sponsored ADR (NYSE:XPEV) was the target of some unusual options trading on Tuesday. Stock traders acquired 28,745 call options on the stock. This represents an increase of approximately 34% compared to the average volume of 21,427 call options.

XPENG Stock Down 4.3%

Shares of NYSE:XPEV traded down $0.63 during trading on Tuesday, hitting $13.87. 5,616,257 shares of the company were exchanged, compared to its average volume of 6,721,401. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of -40.78 and a beta of 1.12. XPENG has a fifty-two week low of $13.75 and a fifty-two week high of $28.24. The firm has a fifty day moving average price of $16.40 and a two-hundred day moving average price of $18.05. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV) last posted its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%. As a group, research analysts anticipate that XPENG will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XPEV. Bank of America reissued a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Jefferies Financial Group reissued a “buy” rating and issued a $25.20 target price on shares of XPENG in a research report on Friday, May 29th. BNP Paribas Exane lowered XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. Finally, Wall Street Zen lowered XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, XPENG currently has an average rating of “Hold” and an average price target of $25.36.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in shares of XPENG by 7.1% during the 4th quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock worth $23,695,000 after purchasing an additional 77,476 shares during the last quarter. Ameriprise Financial Inc. increased its position 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 during the last quarter. DNB Asset Management AS acquired a new position in shares of XPENG during the 4th quarter worth approximately $2,325,000. Ethic Inc. boosted its stake in shares of XPENG by 6.1% during the 4th quarter. Ethic Inc. now owns 78,380 shares of the company’s stock worth $1,590,000 after acquiring an additional 4,493 shares during the period. Finally, Abacus Wealth Partners LLC bought a new position in shares of XPENG during the 4th quarter worth approximately $1,060,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Company Profile

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.