Traders Buy High Volume of XPENG Call Options (NYSE:XPEV)

XPENG Inc. Sponsored ADR (NYSE:XPEV) saw unusually large options trading activity on Tuesday. Stock traders acquired 35,686 call options on the stock. This represents an increase of 51% compared to the average volume of 23,631 call options.

XPENG Price Performance

NYSE:XPEV traded down $0.11 on Tuesday, hitting $14.95. The company had a trading volume of 4,546,460 shares, compared to its average volume of 6,562,583. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of -87.95 and a beta of 1.13. The company has a current ratio of 1.09, a quick ratio of 0.91 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $17.42 and a two-hundred day moving average of $19.09. XPENG has a 52 week low of $14.75 and a 52 week high of $28.24.

XPENG (NYSE:XPEV) last announced its quarterly earnings results on Sunday, February 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $3.18 billion during the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. On average, research analysts anticipate that XPENG will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XPEV shares. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Barclays decreased their target price on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of XPENG from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.74.

Hedge Funds Weigh In On XPENG

Hedge funds have recently bought and sold shares of the company. DNB Asset Management AS acquired a new position in shares of XPENG during the fourth quarter valued at about $2,325,000. SG Americas Securities LLC grew its holdings in shares of XPENG by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 1,168,406 shares of the company’s stock valued at $23,695,000 after buying an additional 77,476 shares during the last quarter. Abacus Wealth Partners LLC acquired a new position in shares of XPENG during the fourth quarter valued at about $1,060,000. Ameriprise Financial Inc. grew its holdings in shares of XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock valued at $2,280,000 after buying an additional 28,983 shares during the last quarter. Finally, BNP Paribas acquired a new position in shares of XPENG during the third quarter valued at about $345,000. Institutional investors own 21.09% of the company’s stock.

XPENG Company Profile

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.