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

XPeng Inc. (NYSE:XPEV) was the target of unusually large options trading on Thursday. Stock traders bought 50,052 put options on the company. This represents an increase of 43% compared to the typical daily volume of 34,992 put options.

Hedge Funds Weigh In On XPeng

Several institutional investors and hedge funds have recently modified their holdings of XPEV. Alibaba Group Holding Ltd increased its holdings in XPeng by 21.2% during the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company’s stock worth $448,678,000 after purchasing an additional 6,650,000 shares in the last quarter. TMT General Partner Ltd bought a new position in shares of XPeng during the fourth quarter worth about $205,501,000. JPMorgan Chase & Co. raised its position in XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock valued at $54,354,000 after buying an additional 4,227,055 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in XPeng in the 3rd quarter valued at approximately $22,047,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in XPeng by 947.5% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company’s stock valued at $20,800,000 after acquiring an additional 1,591,750 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Sanford C. Bernstein set a $18.00 target price on XPeng and gave the company a “market perform” rating in a research note on Wednesday, March 19th. Nomura Securities raised shares of XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th. Bank of America increased their price target on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. UBS Group upgraded shares of XPeng from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. Finally, Macquarie reiterated a “neutral” rating and issued a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng presently has a consensus rating of “Hold” and an average target price of $22.20.

XPeng Price Performance

XPeng stock opened at $20.20 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $19.03 billion, a P/E ratio of -23.21 and a beta of 2.68. The business has a 50-day moving average of $18.93 and a 200-day moving average of $14.36. XPeng has a 1 year low of $6.55 and a 1 year high of $27.16.

XPeng (NYSE:XPEV) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($1.36) by $1.17. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. On average, equities analysts anticipate that XPeng will post -0.96 EPS for the current year.

About XPeng

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.