Investors Buy High Volume XPeng Call Options (NYSE:XPEV)
XPeng Inc. (NYSE:XPEV – Get Rating) was the target of unusual options trades on Wednesday. Stock traders acquired 41,722 call options on the stock. This represents an increase of approximately 45% over the average volume of 28,822 call options.
Institutional entries and exits
A number of hedge funds and other institutional investors have been buying and selling stocks recently. Royal London Asset Management Ltd. increased its holdings in XPeng by 10.5% in the second quarter. Royal London Asset Management Ltd. now owns 586,400 shares of the company valued at $18,624,000 after purchasing an additional 55,900 shares during the period. Legal & General Group Plc increased its stake in XPeng by 13.2% during the 2nd quarter. Legal & General Group Plc now owns 4,084,660 shares in the company worth $129,647,000 after buying an additional 476,486 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in XPeng by 58.6% during the 2nd quarter. ExodusPoint Capital Management LP now owns 251,455 shares of the company worth $7,981,000 after purchasing an additional 92,933 shares in the last quarter. The National Pension Service increased its holdings in XPeng by 1,083.1% in Q2. National Pension Service now owns 79,316 shares of the company worth $2,517,000 after buying an additional 72,612 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in XPeng during Q2 for a value of approximately $886,000. 25.15% of the shares are currently held by hedge funds and other institutional investors.
XPeng is trading down 2.8%
Shares of NYSE XPEV traded down $0.38 during Wednesday’s trading, hitting $13.33. The stock had a trading volume of 31,494,576 shares, compared to an average volume of 12,514,670. XPeng has a fifty-two week low of $12.69 and a fifty-two week high of 56.45 $. The company has a debt ratio of 0.10, a quick ratio of 1.78 and a current ratio of 1.97. The company’s 50-day moving average price is $19.66 and its 200-day moving average price is $24.14. The company has a market capitalization of $11.40 billion, a P/E ratio of -10.10 and a beta of 3.23.
XPeng (NYSE:XPEV – Get Rating) last released its quarterly earnings data on Tuesday, August 23. The company reported ($0.47) earnings per share for the quarter, beating analyst consensus estimates of ($2.61) by $2.14. XPeng had a negative return on equity of 17.44% and a negative net margin of 24.82%. The company had revenue of $1.11 billion in the quarter. On average, equity research analysts expect XPeng to post -3.82 EPS for the current fiscal year.
A Wall Street analyst gives his opinion
Several equity research analysts have recently commented on XPEV shares. Nomura Instinet reaffirmed a “neutral” rating and issued a price target of $36.30 on XPeng shares in a Friday, July 1 report. Macquarie downgraded XPeng from an “outperforming” rating to a “neutral” rating and set a price target of $25.00 for the company. in a report on Wednesday August 3. Citigroup cut its price target on XPeng from $51.59 to $27.87 and set a “buy” rating for the company in a Wednesday, August 24 report. Nomura downgraded XPeng from a “buy” rating to a “neutral” rating and lowered its price target for the company from $64.60 to $36.30 in a Thursday, June 30 report. Finally, Barclays downgraded XPeng from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $30.00 to $22.00 in a Tuesday, August 23 report. Four equity research analysts gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat, XPeng currently has an average rating of “Moderate Buy” and a consensus target price of $37.92.
(Get a rating)
XPeng Inc designs, develops, manufactures and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans as the P7; and family sedans as the P5. The company also offers contracts for sales, maintenance, super charging, vehicle rental, insurance agency, carpooling, technical assistance, car loan referral and car financing, music subscription and other services.
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