Alibaba, Palantir, Google, JD, Lockheed Martin, Genius Sports — Stocks Cathie Wood's Ark Bought Or Sold On Monday

Cathie Wood-led Ark Investment Management on Monday shed about 16,621 shares — estimated to be worth about $2.68 million — in Alibaba Group Holding BABA, nearly decimating all of its exposure held in on of its three exchange traded funds. 

Alibaba shares, which have declined 30.7% so far this year amid the Chinese regulators’ intense crackdown on the e-commerce giant and its CEO Jack Ma, closed 1.96% higher at $161.06 on Monday.

The popular money managing firm shed nearly all of its shares in the company held via the Ark Space Exploration & Innovation ETF ARKX on Monday but also owns Alibaba via the Ark Fintech Innovation ETF ARKF and the Ark Autonomous Technology & Robotics ETF ARKQ. ARKX now owns less than 1,000 shares in the Chinese e-commerce company.

Together, the three ETFs held 164,925 shares — worth $26 million, in Alibaba ahead of Monday’s trades. 

See Also: Cathie Wood's Ark Buys Palantir Shares For 5th Straight Session — Here Are Other Key Trades

Here are some of the other key trades for Ark on Monday:

  • Snapped up 263,485 shares — estimated to be worth about $6.54 million — in Palantir Technologies Inc. PLTR its sixth straight-session buy in the Peter Thiel co-founded data analytics company.  Palantir shares closed 3.37% higher at $24.82 on Monday.
  • Snapped up 19,077 shares — estimated to be worth about $6.8 million — in Lockheed Martin Corp LMT. Shares of the largest U.S. defense contractor pared the day’s gain to close marginally higher at $357.35 on Monday. 
  • Bought 164,889 shares — estimated to be worth about $10.8 million — in JD.com JD on the day shares of the company closed 3.32% higher at $65.73.
  • Shed 9,464 Class C shares — estimated to be worth about $26.7 million — in Alphabet Inc GOOG GOOGL on the day shares closed 1.92% higher at $2,821.99. 
  • Snapped up 33,868 shares — estimated to be worth about $584,900 — in Genius Sports Ltd GENI on the day shares of the sports data and technology company closed marginally higher at $17.27. 
  • Shed 7,961 shares — estimated to be worth about $14.4 million — in Mercadolibre Inc MELI. Shares of the  Buenos Aires, Argentine-headquartered company that operates online marketplaces dedicated to e-commerce and online auctions, closed 1.31% higher at $1,810 on Monday.

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsSector ETFsBroad U.S. Equity ETFsShort IdeasTrading IdeasETFsARK InvestCathie WoodChinese stocksData AnalyticsPeter Thiel
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...