XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) was the recipient of unusually large options trading on Friday. Stock investors purchased 38,919 put options on the stock. This is an increase of 19% compared to the average daily volume of 32,768 put options.

Hedge Funds Weigh In On XPeng

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after purchasing an additional 716 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of XPeng by 7.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock worth $170,000 after buying an additional 1,027 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock valued at $40,000 after buying an additional 1,138 shares during the period. Greenleaf Trust grew its position in shares of XPeng by 16.2% during the 3rd quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock valued at $196,000 after buying an additional 2,243 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after buying an additional 2,564 shares during the last quarter. 21.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XPEV. Citigroup reduced their target price on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective on the stock. in a research note on Thursday, November 21st. Sanford C. Bernstein lifted their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 20th. China Renaissance upgraded shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 target price on the stock in a report on Friday, November 22nd. Finally, Macquarie reiterated a “neutral” rating and set a $18.00 price target on shares of XPeng in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, XPeng has a consensus rating of “Moderate Buy” and an average price target of $12.91.

XPeng Price Performance

XPEV opened at $16.91 on Friday. XPeng has a twelve month low of $6.55 and a twelve month high of $17.70. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of -19.43 and a beta of 2.77. 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 company has a fifty day simple moving average of $13.36 and a 200 day simple moving average of $11.22.

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.