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

XPeng Inc. (NYSE:XPEV) saw some unusual options trading on Thursday. Investors purchased 38,269 call options on the company. This represents an increase of 34% compared to the average daily volume of 28,462 call options.

XPeng Price Performance

XPEV opened at $9.07 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $8.43 and a 200 day moving average of $11.65. XPeng has a 52-week low of $6.55 and a 52-week high of $23.62. The stock has a market cap of $8.54 billion, a P/E ratio of -5.40 and a beta of 2.84.

XPeng (NYSE:XPEV) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The company had revenue of $1.84 billion during the quarter. XPeng had a negative net margin of 33.77% and a negative return on equity of 31.17%. As a group, sell-side analysts anticipate that XPeng will post -1.25 EPS for the current year.

Institutional Investors Weigh In On XPeng

Several large investors have recently modified their holdings of XPEV. FMR LLC raised its position in shares of XPeng by 8,035.6% in the 3rd quarter. FMR LLC now owns 5,311,499 shares of the company’s stock worth $97,519,000 after acquiring an additional 5,246,212 shares in the last quarter. Norges Bank bought a new position in XPeng in the fourth quarter worth about $41,993,000. RWC Asset Advisors US LLC lifted its position in shares of XPeng by 170.3% during the fourth quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company’s stock valued at $64,698,000 after buying an additional 2,793,550 shares during the last quarter. UBS Group AG boosted its holdings in shares of XPeng by 1,500.6% in the 3rd quarter. UBS Group AG now owns 2,442,935 shares of the company’s stock valued at $44,852,000 after buying an additional 2,290,309 shares in the last quarter. Finally, Electron Capital Partners LLC purchased a new position in shares of XPeng in the 4th quarter worth approximately $26,047,000. Institutional investors own 23.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XPEV. Macquarie started coverage on XPeng in a research report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.48.

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.