XPeng Sees Unusually Large Options Volume (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw some unusual options trading on Wednesday. Investors acquired 55,177 call options on the stock. This represents an increase of 78% compared to the typical volume of 31,050 call options.

XPeng Trading Up 13.9 %

Shares of XPeng stock traded up $2.66 on Wednesday, hitting $21.79. 22,366,209 shares of the company traded hands, compared to its average volume of 11,173,662. The company has a market cap of $20.52 billion, a PE ratio of -25.04 and a beta of 2.77. XPeng has a 52 week low of $6.55 and a 52 week high of $22.26. 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 stock’s 50 day moving average price is $14.51 and its 200-day moving average price is $12.13.

Analyst Ratings Changes

Several equities 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 target price for the company. in a research report on Thursday, November 21st. Macquarie reaffirmed a “neutral” rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. Citigroup cut their price target on XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research note on Wednesday, November 20th. UBS Group upgraded XPeng from a “sell” rating to a “neutral” rating and increased their target price for the company from $8.80 to $18.00 in a research note on Monday. Finally, Sanford C. Bernstein raised their target price on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.93.

Hedge Funds Weigh In On XPeng

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in XPeng by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after buying an additional 31,538 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in XPeng in the third quarter worth $6,233,000. FMR LLC grew its holdings in XPeng by 1,053.8% in the third quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after purchasing an additional 295,536 shares during the last quarter. Savant Capital LLC purchased a new position in XPeng in the fourth quarter worth $229,000. Finally, TMT General Partner Ltd purchased a new position in XPeng in the fourth quarter worth $205,501,000. Institutional investors own 21.09% 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.