XPENG Inc. Sponsored ADR (NYSE:XPEV – Get Free Report) saw some unusual options trading activity on Tuesday. Stock traders acquired 35,686 call options on the company. This is an increase of 51% compared to the typical daily volume of 23,631 call options.
Institutional Trading of XPENG
Several hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in 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 acquiring an additional 77,476 shares in the last quarter. Ameriprise Financial Inc. grew its stake in 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 acquiring an additional 28,983 shares in the last quarter. DNB Asset Management AS purchased a new position in XPENG during the fourth quarter valued at approximately $2,325,000. Ethic Inc. grew its stake in XPENG by 6.1% during the fourth quarter. Ethic Inc. now owns 78,380 shares of the company’s stock valued at $1,590,000 after acquiring an additional 4,493 shares in the last quarter. Finally, Abacus Wealth Partners LLC purchased a new position in XPENG during the fourth quarter valued at approximately $1,060,000. Institutional investors own 21.09% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on XPEV. Weiss Ratings reissued a “sell (d-)” rating on shares of XPENG in a research report on Monday, April 20th. Barclays dropped their price target 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 reaffirmed a “buy” rating on shares of XPENG in a research report on Friday, February 6th. Wall Street Zen raised shares of XPENG from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BNP Paribas Exane lowered shares of XPENG from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.74.
XPENG Stock Performance
XPEV stock traded down $0.11 during mid-day trading 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 firm has a market cap of $14.19 billion, a PE ratio of -87.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.91 and a current ratio of 1.09. XPENG has a 12 month low of $14.75 and a 12 month high of $28.24. The stock’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $19.09.
XPENG (NYSE:XPEV – Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The company reported $0.04 EPS for the quarter. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.71%. The business had revenue of $3.18 billion for the quarter. On average, analysts forecast that XPENG will post -0.28 earnings per share for the current fiscal year.
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.
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