XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the recipient of some unusual options trading on Thursday. Stock traders acquired 42,250 call options on the company. This represents an increase of 32% compared to the average daily volume of 32,039 call options.

Institutional Trading of XPeng

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of XPeng in the 3rd quarter valued at $45,000. Venturi Wealth Management LLC acquired a new position in XPeng in the 3rd quarter worth about $110,000. Atomi Financial Group Inc. bought a new position in XPeng in the third quarter valued at about $129,000. Sequoia Financial Advisors LLC raised its position in XPeng by 24.3% in the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after purchasing an additional 2,609 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV acquired a new stake in shares of XPeng during the third quarter valued at about $172,000. Institutional investors and hedge funds own 21.09% of the company’s stock.

XPeng Trading Up 6.0 %

Shares of XPeng stock opened at $13.83 on Friday. The firm’s 50 day moving average is $12.62 and its 200 day moving average is $10.47. The firm has a market capitalization of $13.03 billion, a PE ratio of -15.90 and a beta of 2.74. XPeng has a 1 year low of $6.55 and a 1 year high of $15.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research report on Thursday, November 21st. UBS Group reissued a “sell” rating and issued a $8.80 target price (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a report on Friday, November 22nd. Citigroup decreased their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their price objective on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.69.

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.