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

XPeng Inc. (NYSE:XPEV) was the target of some unusual options trading activity on Tuesday. Stock traders bought 30,355 call options on the stock. This is an increase of 18% compared to the average volume of 25,746 call options.

XPeng Trading Up 9.2 %

Shares of XPEV stock traded up $0.88 on Tuesday, reaching $10.44. The company had a trading volume of 12,206,514 shares, compared to its average volume of 12,880,151. The company has a 50-day moving average of $8.01 and a 200-day moving average of $8.09. XPeng has a 12 month low of $6.55 and a 12 month high of $18.74. The stock has a market cap of $9.83 billion, a PE ratio of -6.82 and a beta of 2.75. The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18.

XPeng (NYSE:XPEV) last released its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. The firm had revenue of $1.12 billion during the quarter. On average, equities analysts forecast that XPeng will post -0.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XPEV shares. Macquarie upgraded XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Citigroup cut their target price on shares of XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $8.00 to $11.50 in a research report on Thursday, September 5th. Finally, Bank of America cut their price objective on shares of XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $9.42.

Institutional Investors Weigh In On XPeng

Several large investors have recently made changes to their positions in the stock. Primecap Management Co. CA boosted its stake in XPeng by 5.6% in the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock worth $120,369,000 after purchasing an additional 872,160 shares during the period. Bank of Montreal Can raised its position in XPeng by 212.1% in the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock valued at $31,910,000 after buying an additional 2,724,549 shares during the last quarter. Norges Bank bought a new stake in XPeng in the 4th quarter valued at approximately $41,993,000. Robeco Schweiz AG boosted its position in XPeng by 3.8% during the 4th quarter. Robeco Schweiz AG now owns 2,336,330 shares of the company’s stock worth $34,087,000 after acquiring an additional 85,000 shares during the last quarter. Finally, Electron Capital Partners LLC bought a new position in shares of XPeng during the 4th quarter worth approximately $26,047,000. Institutional investors own 23.05% of the company’s stock.

XPeng Company Profile

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.