Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, in Alibaba Group Holding BABA after the company posted its first operating loss as a listed company, as a record regulatory fine it was slapped with last month weighed on its earnings.

Shares of Alibaba, the e-commerce company that runs China’s most visited online marketplaces Taobao and Tmall, closed 6.28% lower at $206.08 on Thursday.

The ARK Fintech Innovation ETF ARKF  made the trade, ahead of which It held 422,896 shares, worth about $92.99 million in Alibaba.

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Besides ARKF, the hedge fund also holds Alibaba via the ARK Autonomous Technology & Robotics ETF ARKQ and the ARK Space Exploration & Innovation ETF ARKX.

Wood's firm has been piling up shares in Alibaba rivals including Pinduoduo Inc PDD and Inc JD.

Other Ark Buys On Thursday:

  • Zillow Group Inc Class A ZG
  • Coinbase Global Inc COIN
  • DraftKings Inc DKNG
  • Shopify Inc SHOP
  • Square Inc SQ
  • Repare Therapeutics Inc RPTX
  • Recursion Pharmaceuticals Inc RXRX
  • 908 Devices Inc MASS
  • Uipath Inc PATH
  • 1life Healthcare Inc ONEM
  • Exact Sciences Corporation EXAS
  • Ionis Pharmaceuticals Inc IONS
  • Butterfly Network Inc BFLY
  • Butterfly Network Inc BFLY
  • Signify Health Inc SGFY
  • Zymergen Inc ZY
  • Codexis Inc CDXS
  • CM Life Sciences II Inc CMII
  • Twilio Inc TWLO
  • Pacific Biosciences of California Inc PACB
  • TuSimple Holdings TSP
  • Unity Software Inc U
  • Crispr Therapeutics AG CRSP
  • Zoom Video Communications Inc ZM
  • Beam Therapeutics Inc BEAM
  • Skillz Inc SKLZ 
  • Kratos Defense & Security Solutions Inc KTOS
  • Iridium Communications Inc IRDM
  • The 3D Printing ETF PRNT
  • Other Ark Sells On Thursday:

    • Yeahka Ltd YHEKF
    • Silvergate Capital Corp SI
    • Takeda Pharmaceutical Co Ltd TAK
    • Vertex Pharmaceuticals Incorporated VRTX
    • Thermo Fisher Scientific Inc TMO
    • Syros Pharmaceuticals Inc SYRS
    • Sarepta Therapeutics Inc SRPT
    • Roche Holding Ag RHHBY
    • Pluristem Therapeutics Inc PSTI
    • Regeneron Pharmaceuticals Inc REGN
    • Phreesia Inc PHR
    • Bristol-Myers Squibb Co BMY
    • Lendingtree Inc TREE
    • Synopsys Inc SNPS
    • Pure Storage Inc PSTG
    • Novartis Ag NVS
    • Paccar Inc PCAR
    • Intercontinental Exchange Inc ICE
    • Baidu Inc BIDU
    • KE Holdings BEKE
    • PayPal Holdings PYPL
    • Pinterest Inc PINS
    • Nvdia Corp NVDA
    • Netflix Inc NFLX
    • HubSpot Inc HUBS
    • Fastly Inc FSLY
    • Docusign Inc DOCU
    • Crowdstrike Holdings Inc CRWD
    • Workhorse Group Inc WKHS
    • Adyen NV ADYEY

Posted In: ARK Investment ManagementCathie WoodChinae-commercePenny StocksSector ETFsSmall CapTechTrading IdeasETFs