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

XPeng Inc. Sponsored ADR (NYSE:XPEV) was the recipient of some unusual options trading on Wednesday. Investors acquired 56,090 call options on the stock. This is an increase of approximately 33% compared to the typical daily volume of 42,026 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XPEV. Daiwa Capital Markets raised XPeng from a “neutral” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, November 18th. Daiwa America raised shares of XPeng from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Bank of America upped their price target on shares of XPeng from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Citigroup increased their price objective on shares of XPeng from $29.00 to $29.40 and gave the company a “buy” rating in a report on Wednesday, August 20th. Finally, BNP Paribas initiated coverage on XPeng in a report on Monday, August 18th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, XPeng currently has a consensus rating of “Moderate Buy” and an average price target of $25.37.

XPeng Stock Up 3.3%

XPEV stock opened at $19.50 on Friday. The firm has a market cap of $18.51 billion, a PE ratio of -46.43 and a beta of 1.05. XPeng has a 12 month low of $11.14 and a 12 month high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.12 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $22.53 and a 200 day simple moving average of $20.72.

XPeng (NYSE:XPEV) last posted its quarterly earnings results on Monday, November 17th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.41. XPeng had a negative net margin of 4.02% and a negative return on equity of 9.25%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $20.48 billion. Equities research analysts forecast that XPeng will post -0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPeng

A number of institutional investors and hedge funds have recently modified their holdings of XPEV. BNP Paribas acquired a new position in shares of XPeng in the 3rd quarter valued at $345,000. Parallel Advisors LLC boosted its holdings in shares of XPeng by 11.0% in the third quarter. Parallel Advisors LLC now owns 9,709 shares of the company’s stock worth $227,000 after buying an additional 964 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of XPeng by 16.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,694 shares of the company’s stock worth $63,000 after buying an additional 389 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of XPeng in the third quarter worth approximately $249,000. Finally, SG Americas Securities LLC raised its holdings in shares of XPeng by 356.9% during the third quarter. SG Americas Securities LLC now owns 1,090,930 shares of the company’s stock valued at $25,550,000 after acquiring an additional 1,515,591 shares during the period. 21.09% of the stock is owned by institutional investors and hedge funds.

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.