Traders Buy Large Volume of XPeng Call Options (NYSE:XPEV)

XPeng Inc. experienced a significant increase in call options trading, with 56,090 options purchased, up 33% from the average. The stock price fell $0.78 to $18.89, with a trading volume of 14,829,373 shares. Analysts have mixed ratings, with a consensus of 'Moderate Buy' and a target price of $25.37. Institutional investors have adjusted their holdings, with 21.09% of the stock owned by them.

XPeng Inc. Sponsored ADR (NYSE:XPEV - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 56,090 call options on the stock. This is an increase of approximately 33% compared to the typical volume of 42,026 call options.

XPeng Price Performance

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XPEV traded down $0.78 during trading on Wednesday, hitting $18.89. 14,829,373 shares of the company traded hands, compared to its average volume of 10,266,489. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.92 billion, a PE ratio of -44.96 and a beta of 1.05. The stock's 50-day simple moving average is $22.63 and its two-hundred day simple moving average is $20.74. XPeng has a 1 year low of $11.14 and a 1 year high of $28.24.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Monday, November 17th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.47) by $0.41. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $20.48 billion. XPeng had a negative return on equity of 9.25% and a negative net margin of 4.02%. As a group, sell-side analysts anticipate that XPeng will post -0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MarketBeat Week in Review – 04/14 - 04/18

XPEV has been the subject of a number of recent research reports. Citigroup boosted their price objective on XPeng from $29.00 to $29.40 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Daiwa America raised shares of XPeng from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 18th. CLSA raised shares of XPeng to a "strong-buy" rating in a research note on Monday, September 22nd. Morgan Stanley restated an "overweight" rating and set a $34.00 price objective on shares of XPeng in a research report on Tuesday, November 11th. Finally, BNP Paribas began coverage on shares of XPeng in a research note on Monday, August 18th. They set a "hold" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $25.37.

Check Out Our Latest Stock Report on XPeng

Institutional Inflows and Outflows

XPeng Deliveries Surge 3X in China, Should Tesla Be Worried?

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in XPeng by 2.7% in the first quarter. US Bancorp DE now owns 67,718 shares of the company's stock worth $1,403,000 after purchasing an additional 1,759 shares during the last quarter. XY Capital Ltd purchased a new position in shares of XPeng in the 1st quarter worth $1,372,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of XPeng by 2,699.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,312,990 shares of the company's stock worth $27,205,000 after buying an additional 1,266,090 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in shares of XPeng by 651.0% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,502 shares of the company's stock valued at $31,000 after buying an additional 1,302 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of XPeng in the 1st quarter valued at about $2,203,000. 21.09% of the stock is currently owned by institutional investors.

XPeng Company Profile

(Get Free Report)

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.

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