Latest news with #ARKAutonomousTechnology&RoboticsETF
Business Insider
14-07-2025
- Business
- Business Insider
Cathie Wood Pours $18.5M into Tesla Stock, Trims ACHR, Roku, and COIN Stocks
Popular investor Cathie Wood's ARK Invest made key portfolio moves on Friday, July 11, with electric vehicle giant Tesla (TSLA) leading the day's buys. At the same time, Wood continued to offload shares of electric aircraft maker Archer Aviation (ACHR), streaming platform Roku (ROKU), and cryptocurrency exchange Coinbase (COIN). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wood Loads Up on Tesla Stock As per the daily trade disclosures, ARK added a total of 59,705 Tesla shares across its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), amounting to a hefty $18.5 million investment. The buy highlights Wood's continued conviction in Tesla as a core long-term holding, especially amid growing interest in AI-powered autonomous vehicles. In another notable buy, the ARK Autonomous Technology & Robotics ETF (ARKQ), the firm's ETF focused on autonomous tech and robotics, made a sizable addition of 425,933 shares of Aurora Innovation (AUR), valued at $2.29 million. Aurora is a key player in the self-driving technology space. Is Tesla Stock a Buy or Sell Now? Overall, Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 14 Buys, 13 Holds, and nine Sell recommendations. The average TSLA stock price target of $295.80 indicates 5.65% downside risk from current levels. ARK Trims Stakes in Archer, Roku, and Coinbase On the sell side, ARK reduced its position in electric aircraft maker Archer Aviation (ACHR), selling 168,990 shares for roughly $1.82 million from ARKK. Meanwhile, the firm continued to trim its position in Roku and Coinbase stocks. On Friday, ARK sold 42,332 shares of ROKU worth $3.82 million across ARKK and ARKW ETFs. It also trimmed its Coinbase stake once again, offloading 5,596 shares for $2.17 million through the ARKW ETF. The transaction follows a larger sale of 16,627 shares on July 10, as ARK continued to scale back its position in the cryptocurrency exchange amid recent market volatility. Wall Street's Take on ACHR, ROKU, and COIN Turning to Wall Street, Archer stock scores a Moderate Buy consensus rating, with the average ACHR stock price target of $11.75 indicating an 11.80% possible decline from current levels. Coinbase also carries a Moderate Buy rating, with analysts' average COIN stock price target of $307.71 implying a possible 20.50% decline. In contrast, Roku shares have a Moderate Buy rating as well, but with an average ROKU stock price target of $93.79 that points to a potential upside of 5.39%.
Business Insider
12-07-2025
- Business
- Business Insider
Cathie Wood Pours $18.5M into Tesla Stock, Trims ACHR, Roku, and COIN Stocks, 7/12/2025
Popular investor Cathie Wood's ARK Invest made key portfolio moves on Friday, July 11, with electric vehicle giant Tesla (TSLA) leading the day's buys. At the same time, Wood continued to offload shares of electric aircraft maker Archer Aviation (ACHR), streaming platform Roku (ROKU), and cryptocurrency exchange Coinbase (COIN). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wood Loads Up on Tesla Stock As per the daily trade disclosures, ARK added a total of 59,705 Tesla shares across its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), amounting to a hefty $18.5 million investment. The buy highlights Wood's continued conviction in Tesla as a core long-term holding, especially amid growing interest in AI-powered autonomous vehicles. In another notable buy, the ARK Autonomous Technology & Robotics ETF (ARKQ), the firm's ETF focused on autonomous tech and robotics, made a sizable addition of 425,933 shares of Aurora Innovation (AUR), valued at $2.29 million. Aurora is a key player in the self-driving technology space. Is Tesla Stock a Buy or Sell Now? Overall, Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 14 Buys, 13 Holds, and nine Sell recommendations. The average TSLA stock price target of $295.80 indicates 5.65% downside risk from current levels. ARK Trims Stakes in Archer, Roku, and Coinbase On the sell side, ARK reduced its position in electric aircraft maker Archer Aviation (ACHR), selling 168,990 shares for roughly $1.82 million from ARKK. Meanwhile, the firm continued to trim its position in Roku and Coinbase stocks. On Friday, ARK sold 42,332 shares of ROKU worth $3.82 million across ARKK and ARKW ETFs. It also trimmed its Coinbase stake once again, offloading 5,596 shares for $2.17 million through the ARKW ETF. The transaction follows a larger sale of 16,627 shares on July 10, as ARK continued to scale back its position in the cryptocurrency exchange amid recent market volatility. Wall Street's Take on ACHR, ROKU, and COIN Turning to Wall Street, Archer stock scores a Moderate Buy consensus rating, with the average ACHR stock price target of $11.75 indicating an 11.80% possible decline from current levels. Coinbase also carries a Moderate Buy rating, with analysts' average COIN stock price target of $307.71 implying a possible 20.50% decline. In contrast, Roku shares have a Moderate Buy rating as well, but with an average ROKU stock price target of $93.79 that points to a potential upside of 5.39%.
Globe and Mail
13-03-2025
- Business
- Globe and Mail
Cathie Wood Adds 30K More Tempus AI Stock Following Deep 6 AI Buyout News
's ARK line of ETFs added more 29,845 Tempus AI (TEM) stock after the company announced the acquisition of Deep 6 AI yesterday. Wood's ARK Innovation ETF (ARKK) bought the stock worth $1.36 million on March 12 as part of the daily trades. At the same time, Wood sold 41,839 shares of space exploration company, Rocket Lab USA (RKLB) from two of its ETFs, namely ARK Space Exploration & Innovation ETF (ARKQ) and ARK Autonomous Technology & Robotics ETF (ARKQ). Light Up your Portfolio with Spark: Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Wood Is Buying the Dip in Tempus AI Ark's recent purchasing activity displays the ace hedge fund manager's solid conviction in the AI (artificial intelligence) powered precision medicine company. Wood has been on a buying spree of Tempus AI stock, leveraging the recent dip in the stock price. On March 11, Wood purchased 94,251 shares of Tempus AI, worth $4.29 million. In the past five trading sessions, TEM stock has lost 7.1%. After yesterday's purchase, Tempus AI ranks eight on the ARKK fund's top ten holdings list, representing 4.37% of the total portfolio. Hedge Funds Are Showing Confidence in TEM Stock Interestingly, hedge funds are showing a growing confidence in the future potential of the AI-powered biotechnology company. According to TipRanks Hedge Fund Trading Activity Tool, Tempus AI stock has a Very Positive Confidence Signal as several hedge funds increased their holdings of TEM stock by 3.2 million shares in the last quarter. Notably, Ark Invest ETFs were one of the largest accumulators of Tempus AI stock during the last quarter, with a reported value of $186.34 million. Is Tempus AI Stock a Good Buy? Analysts remain divided on Tempus AI's stock trajectory. On TipRanks, TEM stock has a Moderate Buy consensus rating based on five Buys versus five Hold ratings. Also, the average Tempus AI price target of $63.67 implies 39.9% upside potential from current levels. Year-to-date, TEM stock has gained 34.8%. See more TEM analyst ratings Disclosure Questions or Comments about the article? Write to editor@
