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 JD.com 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
- 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
Other Ark Sells On Thursday:
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