Cathie Wood Sheds $33.6M Alibaba Shares On Earnings Day

Benzinga2021-05-14

Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, inAlibaba Group HoldingBABAafter the company posted its first operating loss as a listed company, as a record regulatory fine it wasslappedwith 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.

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

Besides ARKF, the hedge fund also holds Alibaba via theARK Autonomous Technology & Robotics ETF(BATS:ARKQ) and theARK Space Exploration & Innovation ETF(BATS:ARKX).

Wood's firm has beenpiling up shares in Alibaba rivalsincludingPinduoduo IncPDDandJD.comIncJD.

Other Ark Buys On Thursday:

  • Zillow Group Inc Class AZG
  • Coinbase Global IncCOIN
  • DraftKings IncDKNG
  • Shopify IncSHOP 0.01%
  • Square IncSQ 0.05%
  • Repare Therapeutics IncRPTX
  • Recursion Pharmaceuticals IncRXRX
  • 908 Devices IncMASS
  • Uipath IncPATH
  • 1life Healthcare IncONEM
  • Exact Sciences CorporationEXAS
  • Ionis Pharmaceuticals IncIONS
  • Butterfly Network IncBFLY 0.11%
  • Butterfly Network IncBFLY 0.11%
  • Signify Health IncSGFY
  • Zymergen IncZY
  • Codexis IncCDXS
  • CM Life Sciences II IncCMII 1.2%
  • Twilio IncTWLO 0.01%
  • Pacific Biosciences of California IncPACB
  • TuSimple HoldingsTSP
  • Unity Software IncU 0.04%
  • Crispr Therapeutics AG (NASDAQ: CRSP)
  • Zoom Video Communications IncZM
  • Beam Therapeutics IncBEAM
  • Skillz IncSKLZ 0.22%
  • Kratos Defense & Security Solutions IncKTOS
  • Iridium Communications IncIRDM
  • The 3D Printing ETF(BATS:PRNT)

Other Ark Sells On Thursday:

  • Yeahka LtdYHEKF
  • Silvergate Capital CorpSI 0.07%
  • Takeda Pharmaceutical Co LtdTAK 0.03%
  • Vertex Pharmaceuticals IncorporatedVRTX
  • Thermo Fisher Scientific IncTMO
  • Syros Pharmaceuticals IncSYRS
  • Sarepta Therapeutics IncSRPT
  • Roche Holding AgRHHBY
  • Pluristem Therapeutics IncPSTI
  • Regeneron Pharmaceuticals IncREGN
  • Phreesia IncPHR 0.02%
  • Bristol-Myers Squibb CoBMY
  • Lendingtree IncTREE
  • Synopsys IncSNPS
  • Pure Storage IncPSTG
  • Novartis AgNVS
  • Paccar IncPCAR
  • Intercontinental Exchange IncICE
  • Baidu IncBIDU
  • KE HoldingsBEKE 0.02%
  • PayPal HoldingsPYPL
  • Pinterest IncPINS
  • Nvdia CorpNVDA
  • Netflix IncNFLX
  • HubSpot IncHUBS 0.01%
  • Fastly IncFSLY
  • Docusign IncDOCU
  • Crowdstrike Holdings IncCRWD
  • Workhorse Group IncWKHS
  • Adyen NVADYEY
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Comments

  • happyfarmer
    2021-05-16
    happyfarmer
    Wonder what is her reason?
  • TimT
    2021-05-16
    TimT
    Why?!!!
  • Michaelw
    2021-05-14
    Michaelw
    So now we know who this the net seller for Alibabayesterday... all the best to Ark!
  • ALT
    2021-05-14
    ALT
    Like and share pls 
  • Melonade
    2021-05-14
    Melonade
    Alibyebye
  • Blueman13
    2021-05-14
    Blueman13
    Followed her took the bills up.thats is bad
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