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

XPeng Inc. (NYSE:XPEV) was the target of unusually large options trading activity on Friday. Stock investors bought 38,919 put options on the company. This is an increase of 19% compared to the typical daily volume of 32,768 put options.

XPeng Stock Performance

Shares of XPEV traded down $0.28 during mid-day trading on Friday, reaching $16.83. The company had a trading volume of 10,378,807 shares, compared to its average volume of 10,362,279. The stock has a 50 day moving average of $13.36 and a two-hundred day moving average of $11.22. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $15.85 billion, a P/E ratio of -19.36 and a beta of 2.77. XPeng has a 52-week low of $6.55 and a 52-week high of $17.70.

Institutional Investors Weigh In On XPeng

A number of hedge funds and other institutional investors have recently made changes to their positions in XPEV. PNC Financial Services Group Inc. boosted its stake in shares of XPeng by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after acquiring an additional 716 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after buying an additional 1,138 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of XPeng during the 4th quarter valued at approximately $212,000. Compagnie Lombard Odier SCmA grew its stake in XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after acquiring an additional 7,665 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in XPeng by 56.3% in the 4th quarter. Vontobel Holding Ltd. now owns 33,039 shares of the company’s stock worth $391,000 after acquiring an additional 11,902 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup reduced their price objective on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. Macquarie reiterated a “neutral” rating and set a $18.00 price objective on shares of XPeng in a report on Friday. UBS Group reaffirmed a “sell” rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Sanford C. Bernstein raised their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price objective for the company. in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.91.

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.