Latest news with #ARKF
Business Insider
02-07-2025
- Business
- Business Insider
Cathie Wood Continues to Bet Big on AMD Stock, Offloads COIN
Ace Hedge fund manager Cathie Wood's ARK Invest ETFs (exchange-traded funds) made some interesting trades on Monday. ARK ETFs continued to bet big on chip giant Advanced Micro Devices (AMD), buying more than 350,000 shares yesterday. However, ARK again trimmed its stake in crypto stock Coinbase Global (COIN). Don't Miss TipRanks' Half-Year Sale 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. Cathie Wood's ARK Is Bullish on AMD Stock On Monday, ARK Invest bought 356,275 shares of Advanced Micro Devices stock across three of its funds: Ark Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The purchase was made for a total amount of $51.24 million. Considering all ARK ETFs, AMD is the 11th-largest holding, accounting for 2.65% of the combined holdings. Previously, ARK purchased 130,256 shares of AMD on June 23. AMD stock has risen 28% over the past month and is up 17.5% year-to-date. Investor sentiment on the semiconductor giant has improved since it reported better-than-expected Q1 earnings. Moreover, several analysts are optimistic about the prospects of AMD's new artificial intelligence (AI) chips, which are expected to address concerns about the company lagging behind rival Nvidia (NVDA) in the AI race. Is AMD Stock a Buy or Sell Now? With 24 Buys and 10 Holds, Advanced Micro Devices stock scores a Moderate Buy consensus rating. The average AMD stock price target of $133.55 indicates 6% downside risk. ARK Trims Holdings in COIN and ESLT Stocks ARK has been trimming its holdings in crypto exchange Coinbase Global, offloading 124,892 shares across the ARKK, ARKW, and ARKF ETFs on Monday for $44.14 million. Earlier, ARK offloaded 112,729 COIN shares on June 27 and 33,363 shares on June 26. Meanwhile, military technology and defense contractor Elbit Systems (ESLT) saw a sale of 1,160 shares by the ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Space Exploration & Innovation ETF (ARKX) ETFs for a total value of $503,799. Turning to Wall Street, Coinbase stock scores a Moderate Buy consensus rating, with the average COIN stock price target of $198.15 indicating a 15% possible decline from current levels. Meanwhile, Elbit Systems earns a Hold consensus rating, with the average ESLT stock price target reflecting a 6.9% downside risk.
Yahoo
23-06-2025
- Business
- Yahoo
Cathie Wood Pours Millions into AMD, Dumps Circle After 650% Surge
June 23 - Cathie Wood's ARK Invest added to its position in Advanced Micro Devices (NASDAQ:AMD) last week, purchasing 247,753 shares worth about $31.4 million across three ETFs, according to Friday's trade disclosures. The buy was spread across the ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF) ETFs, reflecting a continued bet on AI and chipmakers. Wood also picked up 162,255 shares of Airbnb (ABNB) for around $21.4 million and 222,150 shares of Shopify (NASDAQ:SHOP) totaling roughly $23.5 million. Warning! GuruFocus has detected 3 Warning Signs with AMD. In contrast, ARK exited a sizable position in Circle Internet Group (NYSE:CRCL), selling 609,175 shares across its ETFs. The sale totaled nearly $121.6 million and marked the firm's largest trade of the day. Circle stock surged more than 20% Friday and has gained over 650% since its June 5 IPO at $31. The decision to trim the position likely reflects profit-taking after the stock's sharp rally. CRCL is the issuer of the USDC stablecoin and has drawn interest since going public. These trades suggest ARK is leaning into established tech while de-risking from names with elevated valuations after rapid gains. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Cathie Wood Pours Millions into AMD, Dumps Circle After 650% Surge
June 23 - Cathie Wood's ARK Invest added to its position in Advanced Micro Devices (NASDAQ:AMD) last week, purchasing 247,753 shares worth about $31.4 million across three ETFs, according to Friday's trade disclosures. The buy was spread across the ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF) ETFs, reflecting a continued bet on AI and chipmakers. Wood also picked up 162,255 shares of Airbnb (ABNB) for around $21.4 million and 222,150 shares of Shopify (NASDAQ:SHOP) totaling roughly $23.5 million. Warning! GuruFocus has detected 3 Warning Signs with AMD. In contrast, ARK exited a sizable position in Circle Internet Group (NYSE:CRCL), selling 609,175 shares across its ETFs. The sale totaled nearly $121.6 million and marked the firm's largest trade of the day. Circle stock surged more than 20% Friday and has gained over 650% since its June 5 IPO at $31. The decision to trim the position likely reflects profit-taking after the stock's sharp rally. CRCL is the issuer of the USDC stablecoin and has drawn interest since going public. These trades suggest ARK is leaning into established tech while de-risking from names with elevated valuations after rapid gains. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Cathie Wood's ARK Dumps $26 Million Palantir Shares, Bulks Up on Airbnb
May 16 - Cathie Wood's ARK (ARKK) ETFs shifted their bets in the latest trading session. ARK's flagship ARKK ETF snapped up 214,624 shares of Airbnb Inc (NASDAQ:ABNB), spending about $29.6 million on the home-rental platform. Its ARKF ETF added 140,000 shares of eToro Group Ltd (NASDAQ:ETOR) for roughly $7.3 million and scooped up 31,983 shares of CRISPR Therapeutics AG (NASDAQ:CRSP) at a cost of about $1.2 million. On the sell side, ARKK trimmed 206,881 shares of Palantir Technologies Inc (NASDAQ:PLTR), unloading approximately $26.5 million worth of the data-analytics firm. ARKF also pared back UiPath Inc (NYSE:PATH) by 132,149 shares, netting around $1.8 million. ARK's innovation-focused ARKW ETF topped up its GitLab Inc (NASDAQ:GTLB) position with 22,471 shares for $1.2 million. The ETFs made smaller moves in Blade Air Mobility Inc (NASDAQ:BLDE), Nextdoor Holdings Inc (NYSE:KIND) and Twist Bioscience Corp (NASDAQ:TWST), reflecting ARK's strategy to balance high-conviction bets with a broad tech and biotech lineup. These adjustments underscore ARK's willingness to rotate capital toward companies it views as poised for growth, like ABNB and CRSP, while reducing exposure to names where sentiment may have peaked. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
ARK Invest Bought $9.4M Worth of eToro Shares on Trading Platform's Debut
ARK Invest didn't wait around to add eToro (ETOR) to its portfolio. Cathie Wood's St Petersburg, California-based investment management company bought 140,000 shares in eToro on the stock-and-crypto trading platform's Nasdaq debut on Wednesday. ARK's ETOR allocation is worth just under $9.4 million, based on the closing price of $67. The shares rose 29% on the first day of trading after opening at $52, which itself was significantly higher than the marketed range as eToro received much higher demand than anticipated. ARK added the eToro shares to its Fintech Innovation ETF (ARKF), one of three funds the firm uses for a significant portion of exposure to crypto and crypto-adjacent companies, such as Coinbase (COIN) and Robinhood (HOOD). The other two ETFs are Next Generation Internet (ARKW) and Innovation (ARKK).
