Investors Purchase Large Volume of XPeng Put Options (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw unusually large options trading on Friday. Traders acquired 38,919 put options on the company. This is an increase of 19% compared to the average daily volume of 32,768 put options.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPEV. TMT General Partner Ltd acquired a new position in XPeng during the fourth quarter worth about $205,501,000. Point72 Hong Kong Ltd bought a new stake in XPeng during the third quarter worth $22,047,000. Y Intercept Hong Kong Ltd purchased a new position in shares of XPeng in the third quarter worth about $6,233,000. Central Asset Investments & Management Holdings HK Ltd grew its position in shares of XPeng by 36.0% during the 3rd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company’s stock valued at $4,969,000 after purchasing an additional 108,000 shares in the last quarter. Finally, FMR LLC raised its position in XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after purchasing an additional 295,536 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors.

XPeng Trading Down 1.6 %

XPeng stock traded down $0.28 during midday trading on Friday, hitting $16.83. 10,436,124 shares of the stock were exchanged, compared to its average volume of 10,372,371. XPeng has a 52 week low of $6.55 and a 52 week high of $17.70. 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 company has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $11.22. The stock has a market capitalization of $15.85 billion, a PE ratio of -19.34 and a beta of 2.77.

Analysts Set New Price Targets

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

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.