Kristheen
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After initiating a position in XPeng Motors earlier this month, leading US investor Cathie Wood continues to buy shares of the Chinese electric vehicle company traded in the United States.
The latest position data shows that ARK Invest, managed by Wood, has further increased its holdings in XPeng's US-traded ADRs through its ARK Autonomous Tech. & Robotics ETF (ARKQ $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$ ).
As of December 23, ARKQ held 655,042 shares of XPeng $小鵬汽車 (XPEV.US)$ $小鵬汽車-W (09868.HK)$ ADRs worth about $30 million, or 1.37 percent of the position.
ARKQ last moved its position in XPeng on December 15, when it held 619,923 shares of XPeng ADRs worth about $27.57 million, or 1.25 percent of the position.
XPeng is currently ranked 25th in ARKQ's holdings, up from its previous position of 30th.
ARKQ has continued to reduce its position in Tesla in the past, and the stock is now down to 10.66 percent of its position, but still ranked No. 1.
On December 2, ARKQ first bought 277,263 shares of XPeng's ADRs worth about $13.4 million, representing 0.56 percent of ARKQ's position.
Since then, XPeng's US-traded ADRs have fallen about 10 percent, despite rising about 17 percent in the past three days.
China-based brokerage Guosen Securities initiated coverage on XPeng with a buy rating in a research report issued yesterday.
Guosen Securities analyst Tang Xuxia's team expects XPeng to post EPS of RMB -2.78, RMB -2.42 and RMB -1.99 in 2021-2023, respectively.
They give XPeng a target price of HK$206-223 for the company's Hong Kong-traded shares based on a 2022 PS valuation of 8-9x, implying an upside of 17 percent to 26 percent.
The latest position data shows that ARK Invest, managed by Wood, has further increased its holdings in XPeng's US-traded ADRs through its ARK Autonomous Tech. & Robotics ETF (ARKQ $ARK Autonomous Technology & Robotics ETF (ARKQ.US)$ ).
As of December 23, ARKQ held 655,042 shares of XPeng $小鵬汽車 (XPEV.US)$ $小鵬汽車-W (09868.HK)$ ADRs worth about $30 million, or 1.37 percent of the position.
ARKQ last moved its position in XPeng on December 15, when it held 619,923 shares of XPeng ADRs worth about $27.57 million, or 1.25 percent of the position.
XPeng is currently ranked 25th in ARKQ's holdings, up from its previous position of 30th.
ARKQ has continued to reduce its position in Tesla in the past, and the stock is now down to 10.66 percent of its position, but still ranked No. 1.
On December 2, ARKQ first bought 277,263 shares of XPeng's ADRs worth about $13.4 million, representing 0.56 percent of ARKQ's position.
Since then, XPeng's US-traded ADRs have fallen about 10 percent, despite rising about 17 percent in the past three days.
China-based brokerage Guosen Securities initiated coverage on XPeng with a buy rating in a research report issued yesterday.
Guosen Securities analyst Tang Xuxia's team expects XPeng to post EPS of RMB -2.78, RMB -2.42 and RMB -1.99 in 2021-2023, respectively.
They give XPeng a target price of HK$206-223 for the company's Hong Kong-traded shares based on a 2022 PS valuation of 8-9x, implying an upside of 17 percent to 26 percent.
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Kristheen
讚了
$阿里巴巴 (BABA.US)$ one day up a lot, the other day then the news from home whack it back to the ground. Then recover slowly up again. Last high recovery did was about 125. Now around 119/120. Still can go up? or we will hear another bad news next week from the Baba home on another slam on its business again?? now its Chinese 'boss' once every few days will come out with something new to 'deal' with it. Never know when another bas news will drop from the sky again. Hopefully let it back to 140 first.
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Kristheen
讚了
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