Stock Traders Buy High Volume XPeng Call Options (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV – Get Rating) saw unusually heavy options trading activity on Friday. Traders bought 47,537 call options on the stock. This represents an increase of approximately 23% from the average daily volume of 38,691 call options.

Wall Street analysts predict growth

Several analysts have recently commented on the stock. Nomura downgraded shares of XPeng from a “buy” rating to a “neutral” rating and reduced its price target for the company from $64.60 to $36.30 in a Thursday, June 30 research report. Nomura Instinet reiterated a “neutral” rating and issued a $36.30 price target on XPeng shares in a research report on Friday, July 1. Barclays cut its price target on XPeng shares from $22.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday. Macquarie downgraded shares of XPeng from an “outperforming” rating to a “neutral” rating and set a price target of $25.00 for the company. in a research report on Wednesday, August 3. Finally, Citigroup downgraded shares of XPeng from a “buy” rating to a “sell” rating in a research report on Friday. One financial analyst has assigned the stock a sell rating, four have issued a hold rating and six have assigned the stock a buy rating. Based on MarketBeat data, XPeng currently has an average rating of “Hold” and an average target price of $36.76.

XPeng is trading down 6.4%

XPEV stock was down $0.47 midday Friday, hitting $6.89. The stock had a trading volume of 37,795,206 shares, compared to an average volume of 14,250,714. The company has a market capitalization of $5.89 billion, a PE ratio of -5.22 and a beta of 3.35. The company has a debt ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.78. XPeng has a 12 month minimum of $6.25 and a 12 month maximum of $56.45. The company’s 50-day moving average price is $13.27 and its 200-day moving average price is $21.36.

XPeng (NYSE: XPEV – Get Rating) last reported quarterly earnings data on Tuesday, August 23. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.61) by $2.14. XPeng had a negative net margin of 24.82% and a negative return on equity of 17.44%. The company had revenue of $1.11 billion in the quarter. On average, equity research analysts expect XPeng to post -1.54 earnings per share for the current fiscal year.

Hedge funds weigh on XPeng

Hedge funds and other institutional investors have recently changed their positions in the company. Activest Wealth Management acquired a new position in shares of XPeng during Q3 worth $36,000. Tradition Wealth Management LLC increased its stake in XPeng by 65.6% in the second quarter. Tradition Wealth Management LLC now owns 1,159 shares of the company worth $37,000 after purchasing an additional 459 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in XPeng by 114.1% in Q1. AdvisorNet Financial Inc now owns 2,013 shares of the company worth $56,000 after buying 1,073 additional shares in the last quarter. Edmond DE Rothschild Holding SA acquired a new position in XPeng in Q1 worth $61,000. Finally, Captrust Financial Advisors increased its stake in XPeng by 50.0% in the 1st quarter. Captrust Financial Advisors now owns 2,400 shares of the company worth $66,000 after buying 800 more shares in the last quarter. Institutional investors and hedge funds hold 25.15% of the company’s shares.

About XPeng

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XPeng Inc designs, develops, manufactures and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans as the P7; and family sedans as the P5. The company also offers contracts for sales, maintenance, super charging, vehicle rental, insurance agency, carpooling, technical assistance, car loan referral and car financing, music subscription and other services.

See also

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