Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform

Benzinga2023-03-28

Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.

What Happened:ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies and Guangzhou-based electric vehicle manufacturer Xpeng Inc on Monday.

The ARK Autonomous Tech. & Robotics ETF sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday's closing price.

It is noteworthy that the sale comes after Bernstein downgraded XPeng stock from ‘Outperform' to ‘Market Perform' andlowered its price target from $16 to $12. Bernstein analyst Eunice Lee expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.

According to Cathiesark website, Wood's funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. & Robotics ETF with a weight of just 0.39%.

ARK's outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu's Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.

Major Buy: Wood's funds seemed to have used Monday's investor pessimism on Coinbase Global Inc as they continued to hike stake in the company. The flagship ARK Innovation ETF and the ARK Next Generation Internet ETF cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

KLC
2023-03-29
KLC
Ok
tonylim
2023-03-28
tonylim
Sweet
TeslaLegend
2023-03-28
TeslaLegend
Nice
Prosperity88
2023-03-28
Prosperity88
Ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1193001237?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-28 11:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193001237","market":"us","top_or_hot":-1,"title":"Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform","media":"Benzinga","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform\n</h2>\n\n<h4 class=\"meta\">\n\n2023-03-28 11:13 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.What Happened:ARK funds sold ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKW","symbol_name":"ARK Next Generation Internation ETF","start_time":0,"source_url":"","article_id":"1193001237","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193001237","pubTimestamp":1679973230,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKW":"ARK Next Generation Internation ETF","NIU":"小牛电动","COIN":"Coinbase Global, Inc.","XPEV":"小鹏汽车","ARKQ":"ARK Autonomous Technology & Robotics ETF"},"translate_title":"Cathie Wood出售2只中国电动汽车股票——增持该加密交易平台的股份","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKQ":0.9,"ARKW":0.9,"COIN":0.9,"NIU":0.9,"XPEV":0.9},"content_text":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.What Happened:ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies and Guangzhou-based electric vehicle manufacturer Xpeng Inc on Monday.The ARK Autonomous Tech. & Robotics ETF sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday's closing price.It is noteworthy that the sale comes after Bernstein downgraded XPeng stock from ‘Outperform' to ‘Market Perform' andlowered its price target from $16 to $12. Bernstein analyst Eunice Lee expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.According to Cathiesark website, Wood's funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. & Robotics ETF with a weight of just 0.39%.ARK's outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu's Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.Major Buy: Wood's funds seemed to have used Monday's investor pessimism on Coinbase Global Inc as they continued to hike stake in the company. The flagship ARK Innovation ETF and the ARK Next Generation Internet ETF cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9941112048,"gmtCreate":1680046956984,"gmtModify":1680046958671,"author":{"id":"3567916089112278","authorId":"3567916089112278","name":"KLC","avatar":"https://static.tigerbbs.com/7b5f29591734279d9235e132e16aa719","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3567916089112278","authorIdStr":"3567916089112278"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941112048","repostId":1193001237,"repostType":2,"repost":{"id":"1193001237","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1679973230,"share":"https://ttm.financial/m/news/1193001237?lang=&edition=fundamental","pubTime":"2023-03-28 11:13","market":"us","language":"en","title":"Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=1193001237","media":"Benzinga","summary":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-03-28 11:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIU":"小牛电动","ARKQ":"ARK Autonomous Technology & Robotics ETF","COIN":"Coinbase Global, Inc.","ARKW":"ARK Next Generation Internation ETF","XPEV":"小鹏汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193001237","content_text":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.What Happened:ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies and Guangzhou-based electric vehicle manufacturer Xpeng Inc on Monday.The ARK Autonomous Tech. & Robotics ETF sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday's closing price.It is noteworthy that the sale comes after Bernstein downgraded XPeng stock from ‘Outperform' to ‘Market Perform' andlowered its price target from $16 to $12. Bernstein analyst Eunice Lee expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.According to Cathiesark website, Wood's funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. & Robotics ETF with a weight of just 0.39%.ARK's outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu's Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.Major Buy: Wood's funds seemed to have used Monday's investor pessimism on Coinbase Global Inc as they continued to hike stake in the company. The flagship ARK Innovation ETF and the ARK Next Generation Internet ETF cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941317656,"gmtCreate":1679979843675,"gmtModify":1679979847643,"author":{"id":"4131533669626532","authorId":"4131533669626532","name":"tonylim","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4131533669626532","authorIdStr":"4131533669626532"},"htmlText":"Sweet","listText":"Sweet","text":"Sweet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941317656","repostId":1193001237,"repostType":2,"repost":{"id":"1193001237","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1679973230,"share":"https://ttm.financial/m/news/1193001237?lang=&edition=fundamental","pubTime":"2023-03-28 11:13","market":"us","language":"en","title":"Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=1193001237","media":"Benzinga","summary":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-03-28 11:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIU":"小牛电动","ARKQ":"ARK Autonomous Technology & Robotics ETF","COIN":"Coinbase Global, Inc.","ARKW":"ARK Next Generation Internation ETF","XPEV":"小鹏汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193001237","content_text":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.What Happened:ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies and Guangzhou-based electric vehicle manufacturer Xpeng Inc on Monday.The ARK Autonomous Tech. & Robotics ETF sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday's closing price.It is noteworthy that the sale comes after Bernstein downgraded XPeng stock from ‘Outperform' to ‘Market Perform' andlowered its price target from $16 to $12. Bernstein analyst Eunice Lee expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.According to Cathiesark website, Wood's funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. & Robotics ETF with a weight of just 0.39%.ARK's outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu's Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.Major Buy: Wood's funds seemed to have used Monday's investor pessimism on Coinbase Global Inc as they continued to hike stake in the company. The flagship ARK Innovation ETF and the ARK Next Generation Internet ETF cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941311520,"gmtCreate":1679975004361,"gmtModify":1679975008147,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941311520","repostId":1193001237,"repostType":2,"repost":{"id":"1193001237","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1679973230,"share":"https://ttm.financial/m/news/1193001237?lang=&edition=fundamental","pubTime":"2023-03-28 11:13","market":"us","language":"en","title":"Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=1193001237","media":"Benzinga","summary":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-03-28 11:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIU":"小牛电动","ARKQ":"ARK Autonomous Technology & Robotics ETF","COIN":"Coinbase Global, Inc.","ARKW":"ARK Next Generation Internation ETF","XPEV":"小鹏汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193001237","content_text":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.What Happened:ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies and Guangzhou-based electric vehicle manufacturer Xpeng Inc on Monday.The ARK Autonomous Tech. & Robotics ETF sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday's closing price.It is noteworthy that the sale comes after Bernstein downgraded XPeng stock from ‘Outperform' to ‘Market Perform' andlowered its price target from $16 to $12. Bernstein analyst Eunice Lee expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.According to Cathiesark website, Wood's funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. & Robotics ETF with a weight of just 0.39%.ARK's outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu's Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.Major Buy: Wood's funds seemed to have used Monday's investor pessimism on Coinbase Global Inc as they continued to hike stake in the company. The flagship ARK Innovation ETF and the ARK Next Generation Internet ETF cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941313302,"gmtCreate":1679974414807,"gmtModify":1679974417357,"author":{"id":"3569644599778803","authorId":"3569644599778803","name":"Prosperity88","avatar":"https://static.tigerbbs.com/673e75041219828ee5fce0d5b00ebbfe","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3569644599778803","authorIdStr":"3569644599778803"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941313302","repostId":1193001237,"repostType":2,"repost":{"id":"1193001237","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1679973230,"share":"https://ttm.financial/m/news/1193001237?lang=&edition=fundamental","pubTime":"2023-03-28 11:13","market":"us","language":"en","title":"Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=1193001237","media":"Benzinga","summary":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese","content":"<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2023-03-28 11:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b>Cathie Wood</b>-led <b>ARK Investment Management</b> seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.</p><p><b>What Happened:</b>ARK funds sold shares in Beijing-based electric scooter-maker <b>Niu Technologies</b> and Guangzhou-based electric vehicle manufacturer <b>Xpeng Inc</b> on Monday.</p><p>The <b>ARK Autonomous Tech. &amp; Robotics ETF</b> sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday&#39;s closing price.</p><p>It is noteworthy that the sale comes after <b>Bernstein</b> downgraded XPeng stock from ‘Outperform&#39; to ‘Market Perform&#39; andlowered its price target from $16 to $12. Bernstein analyst <b>Eunice Lee</b> expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.</p><p>According to Cathiesark website, Wood&#39;s funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. &amp; Robotics ETF with a weight of just 0.39%.</p><p>ARK&#39;s outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu&#39;s Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.</p><p><b>Major Buy:</b> Wood&#39;s funds seemed to have used Monday&#39;s investor pessimism on <b>Coinbase Global Inc</b> as they continued to hike stake in the company. The flagship <b>ARK Innovation ETF</b> and the <b>ARK Next Generation Internet ETF</b> cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIU":"小牛电动","ARKQ":"ARK Autonomous Technology & Robotics ETF","COIN":"Coinbase Global, Inc.","ARKW":"ARK Next Generation Internation ETF","XPEV":"小鹏汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193001237","content_text":"Cathie Wood-led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies.What Happened:ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies and Guangzhou-based electric vehicle manufacturer Xpeng Inc on Monday.The ARK Autonomous Tech. & Robotics ETF sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday's closing price.It is noteworthy that the sale comes after Bernstein downgraded XPeng stock from ‘Outperform' to ‘Market Perform' andlowered its price target from $16 to $12. Bernstein analyst Eunice Lee expects XPeng to face pressure from growing competition and, therefore, has lowered sales volume outlook for many of its models.According to Cathiesark website, Wood's funds have been offloading Xpeng shares this year with the last purchase done in November 2022. Xpeng is now the 33rd holding in the ARK Autonomous Tech. & Robotics ETF with a weight of just 0.39%.ARK's outlook on Niu appears to be on similar lines as that of Xpeng. The fund also sold over 112,000 shares of Niu Technologies at an estimated valuation of over $426,000. Niu's Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9%.Major Buy: Wood's funds seemed to have used Monday's investor pessimism on Coinbase Global Inc as they continued to hike stake in the company. The flagship ARK Innovation ETF and the ARK Next Generation Internet ETF cumulatively bought over 37,000 shares of Coinbase at an estimated valuation of over $2.35 million.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":56,"commentSize":4,"repostSize":4,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193001237"}