Stock Traders Purchase High Volume of Call Options on XPeng (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the target of unusually large options trading on Tuesday. Stock investors purchased 51,091 call options on the company. This is an increase of approximately 45% compared to the average daily volume of 35,299 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after purchasing an additional 31,538 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of XPeng in the third quarter worth approximately $6,233,000. FMR LLC raised its stake in shares of XPeng by 1,053.8% in the third quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after purchasing an additional 295,536 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of XPeng in the fourth quarter worth approximately $229,000. Finally, TMT General Partner Ltd purchased a new stake in shares of XPeng in the fourth quarter worth approximately $205,501,000. Institutional investors own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price for the company. in a report on Thursday, November 21st. Citigroup upgraded XPeng from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Macquarie reiterated a “neutral” rating and issued a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. Finally, UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and upped their price target for the company from $8.80 to $18.00 in a research report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

XPeng Stock Down 7.9 %

NYSE:XPEV traded down $1.95 on Tuesday, hitting $22.62. The stock had a trading volume of 22,540,079 shares, compared to its average volume of 13,376,374. The business’s fifty day moving average is $17.48 and its 200 day moving average is $13.69. The company has a market cap of $21.30 billion, a PE ratio of -25.99 and a beta of 2.68. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng has a 52 week low of $6.55 and a 52 week high of $27.16.

XPeng (NYSE:XPEV) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, equities research analysts expect 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.