Ark Investment Management, founded by Cathie Wood, continued its Tesla, Inc. (NASDAQ:TSLA) buying spree on Tuesday, even as the stock struggles to make meaningful headway. The firm also accumulated a few key portfolio stocks ahead of their earnings releases.
What Happened: Ark, through its flagship Ark Innovation ETF (NYSE:ARKK), added 28,684 Tesla shares valued at $5.5 million. Despite rising as much as 2.84% in early trading, the stock gave back much of its gains and settled the session up a modest 0.35% at $191.59, according to Benzinga Pro data.
The firm has accumulated Tesla shares in all four sessions following the company's fourth-quarter double miss.
Ark remains bullish on Tesla, expecting the stock to hit $2,000 by 2027, with much of the valuation framework attributable to the robo-taxi service.
Other Trades:
Ark also increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD), as ARKK picked up 106,058 shares with an estimated value of $1.17 million. The retail trading giant has exposure to cryptocurrencies via crypto offerings on its platform. The company is due to release its quarterly results on Feb. 13.
Social ecommerce company Pinterest, Inc. (NYSE:PINS) was back in favor at Ark. Through ARKK and Ark Next Generation Internet ETF (NYSE:ARKW), the firm added 54,876 Pinterest shares valued at $2.12 million. This ad-dependent platform provider is due to release its fourth-quarter results on Feb. 8.
The firm also purchased $2.4 million worth of SoFi Technologies, Inc. (NASDAQ:SOFI), which jumped 20% on Monday following the financial services company's earnings release.
On the other hand, Ark sold 48,625 shares of Zoom Video Communications, Inc. (NASDAQ:ZM), the fourth biggest holding of ARKK. The sale would have fetched the firm $3.27 million.
Wood halted purchases of Ark's spot Bitcoin ETF, the ARK 21Shares Bitcoin ETF (CBOE: ARKB), on Tuesday after piling into the ETF since Jan. 18. From its debut session on Jan. 11, the ETF has shed about 6.74%.
ARKK ended Tuesday's session down 2.60% to $46.86, according to Benzinga Pro data.
由凱西·伍德創立的方舟投資管理公司週二繼續瘋狂買入特斯拉公司（納斯達克股票代碼：TSLA），儘管該股難以取得有意義的進展。該公司在業績發佈前還積累了幾隻關鍵的投資組合股票。
發生了什麼：方舟通過其旗艦方舟創新ETF（紐約證券交易所代碼：ARKK）增加了28,684股特斯拉股票，價值550萬美元。根據Benzinga Pro的數據，儘管在早盤交易中上漲了2.84％，但該股還是回吐了大部分漲幅，並收盤小幅上漲了0.35％，至191.59美元。
繼特斯拉第四季度雙虧之後，該公司在所有四個交易日均累積了特斯拉股票。
方舟仍然看好特斯拉，預計到2027年該股將達到2,000美元，其中大部分估值框架歸因於機器人出租車服務。
其他交易：
方舟還增加了其在羅賓漢市場公司（納斯達克股票代碼：HOOD）的頭寸，ARKK收購了106,058股股票，估計價值爲117萬美元。這家零售交易巨頭通過其平台上的加密產品接觸加密貨幣。該公司定於2月13日發佈季度業績。
社交電子商務公司Pinterest, Inc.（紐約證券交易所代碼：PINS）再次受到方舟的青睞。通過ARKK和方舟下一代互聯網ETF（紐約證券交易所代碼：ARKW），該公司增加了價值212萬美元的54,876股Pinterest股票。這家依賴廣告的平台提供商將於2月8日發佈其第四季度業績。
該公司還收購了價值240萬美元的SoFi Technologies, Inc.（納斯達克股票代碼：SOFI），該股在該金融服務公司發佈業績後於週一上漲了20％。
另一方面，方舟出售了ARKK第四大持股公司Zoom Video Communications, Inc.（納斯達克股票代碼：ZM）的48,625股股票。此次出售將爲該公司帶來327萬美元的收入。
伍德自1月18日起大量購買方舟的現貨比特幣ETF，即ARK 21Shares比特幣ETF（芝加哥期權交易所：ARKB），於週二停止了對該ETF的購買。自1月11日的首次交易日以來，該ETF已下跌約6.74％。
根據Benzinga Pro的數據，ARKK週二收盤下跌2.60％，至46.86美元。
