XPENG Target of Unusually High Options Trading (NYSE:XPEV)

XPENG Inc. Sponsored ADR (NYSE:XPEV) saw unusually large options trading on Tuesday. Stock investors bought 28,745 call options on the stock. This represents an increase of 34% compared to the average daily volume of 21,427 call options.

XPENG Price Performance

Shares of NYSE:XPEV traded down $0.63 during trading on Tuesday, reaching $13.87. 5,616,257 shares of the company traded hands, compared to its average volume of 6,721,401. The company’s 50 day moving average is $16.40 and its two-hundred day moving average is $18.05. The firm has a market capitalization of $13.16 billion, a PE ratio of -40.78 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.48. XPENG has a 52 week low of $13.75 and a 52 week high of $28.24.

XPENG (NYSE:XPEV) last released its earnings results on Thursday, May 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%. As a group, sell-side analysts predict that XPENG will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on XPEV. Jefferies Financial Group reiterated a “buy” rating and set a $25.20 target price on shares of XPENG in a research note on Friday, May 29th. Wall Street Zen downgraded XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Barclays reduced their target price on XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Tuesday, March 24th. Bank of America reiterated a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Finally, BNP Paribas Exane downgraded XPENG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.36.

Institutional Trading of XPENG

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its holdings in shares of XPENG by 25.0% during the 1st quarter. Parallel Advisors LLC now owns 12,871 shares of the company’s stock worth $220,000 after buying an additional 2,578 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of XPENG by 54.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,035 shares of the company’s stock worth $103,000 after buying an additional 2,129 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of XPENG by 66.3% during the 1st quarter. Venturi Wealth Management LLC now owns 16,481 shares of the company’s stock worth $282,000 after buying an additional 6,571 shares in the last quarter. BNP Paribas raised its holdings in shares of XPENG by 10.8% during the 4th quarter. BNP Paribas now owns 16,350 shares of the company’s stock worth $332,000 after buying an additional 1,600 shares in the last quarter. Finally, Abacus Wealth Partners LLC acquired a new position in shares of XPENG during the 4th quarter worth $1,060,000. 21.09% of the stock is currently owned by institutional investors.

About XPENG

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.