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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$206-223 for the company's Hong Kong-traded shares based on a 2022 PS valuation of 8-9x, implying an upside of 17 percent to 26 percent.
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$阿里巴巴 (BABA.US)$ 一天漲了很多,第二天又被國內的消息砸回地上。然後慢慢恢復上升。上次的高點大概是125。現在在119/120左右。還能繼續上漲嗎?還是下週我們會從阿里家裏聽到另一條關於其業務的不好消息?現在其中國『老闆』每隔幾天就會拿出一些新東西來『應對』它。永遠不知道下一個壞消息何時會再次從天上降臨。希望先讓它漲回到140。
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