XPENG Sees Unusually High Options Volume (NYSE:XPEV)

XPENG Inc. Sponsored ADR (NYSE:XPEV) saw unusually large options trading on Wednesday. Investors purchased 46,181 call options on the company. This is an increase of 101% compared to the average volume of 22,952 call options.

Analysts Set New Price Targets

XPEV has been the topic of several recent analyst reports. BNP Paribas Exane lowered XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Bank of America restated a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Friday, July 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $25.20 target price on shares of XPENG in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, XPENG has a consensus rating of “Hold” and a consensus price target of $25.40.

Hedge Funds Weigh In On XPENG

A number of large investors have recently bought and sold shares of XPEV. Farther Finance Advisors LLC raised its holdings in XPENG by 161.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after acquiring an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of XPENG by 45.0% in the fourth 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 in the last quarter. Kickstand Ventures LLC. acquired a new position in XPENG during the fourth quarter worth $202,000. Parallel Advisors LLC raised its position in XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after acquiring an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of XPENG by 66.3% in the 1st quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after acquiring an additional 6,571 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Trading Down 2.3%

XPENG stock traded down $0.28 during mid-day trading on Wednesday, hitting $11.78. The stock had a trading volume of 6,159,796 shares, compared to its average volume of 6,851,747. The stock has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $16.28. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $11.24 billion, a PE ratio of -34.63 and a beta of 1.13. XPENG has a 12 month low of $11.73 and a 12 month high of $28.24.

XPENG (NYSE:XPEV) last issued its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. As a group, sell-side analysts forecast that XPENG will post -0.36 EPS for the current year.

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.