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

XPENG Inc. Sponsored ADR (NYSE:XPEV) saw unusually large options trading activity on Tuesday. Traders purchased 28,745 call options on the company. This is an increase of approximately 34% compared to the average volume of 21,427 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XPEV shares. Wall Street Zen downgraded shares of XPENG from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 price target on shares of XPENG in a report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. BNP Paribas Exane downgraded shares of XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd. Finally, Bank of America reaffirmed a “buy” rating on shares of XPENG in a report on Thursday, May 28th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.51.

Institutional Trading of XPENG

A number of large investors have recently made changes to their positions in XPEV. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 389 shares during the period. Parallel Advisors LLC lifted its stake in XPENG by 6.0% in 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 during the period. SBI Securities Co. Ltd. lifted its stake in XPENG by 7.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,535 shares of the company’s stock worth $335,000 after acquiring an additional 1,186 shares during the period. Farther Finance Advisors LLC lifted its stake in XPENG by 161.4% in 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 during the period. Finally, BNP Paribas lifted its stake in XPENG by 10.8% in the fourth quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $332,000 after acquiring an additional 1,600 shares during the period. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPENG Trading Down 3.0%

Shares of XPEV opened at $13.43 on Thursday. The company’s fifty day moving average is $16.24 and its 200 day moving average is $17.94. XPENG has a fifty-two week low of $13.38 and a fifty-two week high of $28.24. The stock has a market capitalization of $12.74 billion, a PE ratio of -39.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.14.

XPENG (NYSE:XPEV) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. Sell-side analysts expect that XPENG will post -0.35 earnings per share for the current fiscal 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.