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

XPENG Inc. Sponsored ADR (NYSE:XPEV) saw some unusual options trading on Monday. Traders purchased 41,939 call options on the stock. This is an increase of approximately 82% compared to the average volume of 23,101 call options.

Institutional Investors Weigh In On XPENG

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in shares of XPENG by 161.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,562 shares of the company’s stock worth $52,000 after purchasing an additional 1,582 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in XPENG by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,906 shares of the company’s stock valued at $79,000 after buying an additional 1,212 shares in the last quarter. Kickstand Ventures LLC. bought a new stake in XPENG during the fourth quarter worth about $202,000. Parallel Advisors LLC increased its holdings in shares of 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 buying an additional 584 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of XPENG by 66.3% in the first 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 during the last quarter. Institutional investors own 21.09% of the company’s stock.

XPENG Stock Down 2.6%

NYSE XPEV traded down $0.36 during trading on Monday, hitting $13.17. 4,716,842 shares of the company traded hands, compared to its average volume of 6,860,084. XPENG has a 12 month low of $11.77 and a 12 month high of $28.24. The business has a fifty day simple moving average of $14.59 and a 200 day simple moving average of $16.93. The company has a market capitalization of $12.58 billion, a P/E ratio of -38.81 and a beta of 1.12. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

XPENG (NYSE:XPEV) last announced its earnings results on Thursday, May 28th. The company reported ($0.27) EPS 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 firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. As a group, sell-side analysts predict that XPENG will post -0.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a research report on Friday. Bank of America reissued a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Wall Street Zen cut XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $25.20 price target on shares of XPENG in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.40.

XPENG Company Profile

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.