On May 12, 2023 at 10:05:47 ET an unusually large $1,900.95K block of Call contracts in XPeng Inc – ADR (XPEV) was sold, with a strike price of $5.00 / share, expiring in 252 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 7.59 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in XPEV options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 355 funds or institutions reporting positions in XPeng Inc – ADR. This is a decrease of 70 owner(s) or 16.47% in the last quarter. Average portfolio weight of all funds dedicated to XPEV is 0.52%, an increase of 71.62%. Total shares owned by institutions decreased in the last three months by 31.68% to 148,186K shares. The put/call ratio of XPEV is 0.58, indicating a bullish outlook.

Analyst Price Forecast Suggests 26.19% Upside

As of May 11, 2023, the average one-year price target for XPeng Inc – ADR is 13.57. The forecasts range from a low of 6.34 to a high of $38.12. The average price target represents an increase of 26.19% from its latest reported closing price of 10.75.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for XPeng Inc – ADR is 46,482MM, an increase of 73.08%. The projected annual non-GAAP EPS is -5.83.

What are Other Shareholders Doing?

FIFTHDELTA holds 18,569K shares representing 2.16% ownership of the company. In it’s prior filing, the firm reported owning 15,933K shares, representing an increase of 14.19%. The firm decreased its portfolio allocation in XPEV by 0.91% over the last quarter.

Primecap Management holds 12,055K shares representing 1.40% ownership of the company. In it’s prior filing, the firm reported owning 11,024K shares, representing an increase of 8.55%. The firm decreased its portfolio allocation in XPEV by 13.95% over the last quarter.

Primavera Capital Management holds 9,920K shares representing 1.15% ownership of the company. No change in the last quarter.

Renaissance Technologies holds 7,319K shares representing 0.85% ownership of the company. In it’s prior filing, the firm reported owning 6,317K shares, representing an increase of 13.69%. The firm decreased its portfolio allocation in XPEV by 6.80% over the last quarter.

VHCOX – Vanguard Capital Opportunity Fund Investor Shares holds 6,931K shares representing 0.81% ownership of the company. In it’s prior filing, the firm reported owning 6,222K shares, representing an increase of 10.23%. The firm decreased its portfolio allocation in XPEV by 12.88% over the last quarter.

XPeng Background Information
(This description is provided by the company.)

Xpeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, Xpeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. Xpeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively.

See all XPeng Inc – ADR regulatory filings.

This article originally appeared on Fintel

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