Stock Traders Purchase Large Volume of XPENG Call Options (NYSE:XPEV)

XPENG Inc. Sponsored ADR (NYSE:XPEV) was the target of unusually large options trading on Monday. Investors acquired 41,939 call options on the stock. This is an increase of 82% compared to the typical volume of 23,101 call options.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XPEV shares. Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Barclays reduced their price objective on shares of XPENG from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. Bank of America reaffirmed a “buy” rating on shares of XPENG in a report on Thursday, May 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Friday. Finally, BNP Paribas Exane cut shares of XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.40.

Institutional Investors Weigh In On XPENG

Several institutional investors and hedge funds have recently added to or reduced their stakes in XPEV. Farther Finance Advisors LLC raised its position in shares of XPENG by 161.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock valued at $52,000 after buying an additional 1,582 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of XPENG by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock worth $79,000 after buying an additional 1,212 shares in the last quarter. Kickstand Ventures LLC. acquired a new position in XPENG during the fourth quarter worth about $202,000. Parallel Advisors LLC boosted its position in XPENG by 6.0% during 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 last quarter. Finally, Venturi Wealth Management LLC grew its stake in XPENG by 66.3% during the 1st quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock valued at $282,000 after acquiring an additional 6,571 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPENG Stock Performance

NYSE XPEV opened at $13.33 on Wednesday. The company has a market cap of $12.73 billion, a PE ratio of -39.20 and a beta of 1.12. The stock’s 50 day simple moving average is $14.48 and its 200-day simple moving average is $16.82. XPENG has a 1-year low of $11.77 and a 1-year high of $28.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89.

XPENG (NYSE:XPEV) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. As a group, equities research analysts anticipate that XPENG will post -0.36 EPS 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.