{"id":47376,"date":"2025-02-14T03:40:59","date_gmt":"2025-02-14T03:40:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cathie-woods-ark-invest-sold-roku-robinhood-on-thursday-heres-what-it-bought\/"},"modified":"2025-02-14T03:40:59","modified_gmt":"2025-02-14T03:40:59","slug":"cathie-woods-ark-invest-sold-roku-robinhood-on-thursday-heres-what-it-bought","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cathie-woods-ark-invest-sold-roku-robinhood-on-thursday-heres-what-it-bought\/","title":{"rendered":"Cathie Wood\u2019s Ark Invest sold Roku, Robinhood on Thursday: here\u2019s what it bought"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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On Thursday, Ark Invest, led by Cathie Wood, sold a chunk of its Robinhood shares. The sales come after the company posted strong earnings for the fourth quarter.<\/p>\n

Robinhood Markets saw its stock surge nearly 14% in early trading on Thursday, reaching its highest levels since 2021 and adding approximately $6 billion to its market value.<\/p>\n

Thanks to the stellar results, in the last 30 days, the stock has gone up around 60%.<\/p>\n

Cathie Wood’s Robinhood (HOOD)<\/strong> trades<\/h2>\n

Ark Invest sold 266,603 shares of Robinhood through its flagship ARK Innovation ETF (ARKK). <\/p>\n

The trade was valued at approximately $17.01 million, as Robinhood’s stock surged 14.11% to close at $63.80 on Thursday.<\/p>\n

The retail-focused trading platform reported record revenue of $1.01 billion, a 115% year-over-year increase, driven by a 400% surge in cryptocurrency trading volumes and an 86% rise in Gold subscribers. <\/p>\n

However, Robinhood did not provide guidance on its total operating expenses for 2025.<\/p>\n

Following the results, Mizuho Securities analyst Dan Dolev raised the price target for Robinhood’s stock to $80 from the previous $65, while maintaining an Outperform rating. <\/p>\n

Similarly, Needham analysts increased their price target to $70 from $52, reiterating a Buy rating on the shares.<\/p>\n

ARK Invest still holds around $540 million worth of Robinhood stock.<\/p>\n

It has sold around $50 million worth of Robinhood stocks in the past few weeks.<\/p>\n

Roku<\/h2>\n

Roku is one of Ark Invest’s biggest bets. On Thursday, its flagship ETF sold 295,504 shares worth around $24.9 million, while ARKW sold 61,186 shares worth around $5.2 million. <\/p>\n

The sale comes as the investment firm sold $33 million worth of Roku stock on Wednesday.<\/p>\n

Roku shares surged 15% to $100 in after-hours trading after the company reported better-than-expected fourth-quarter results. <\/p>\n

The quarterly loss came in at $0.24 per share, significantly smaller than analysts’ expectations of a $0.42 loss per share.<\/p>\n

Revenue increased to $1.2 billion, surpassing Wall Street’s consensus estimate of $1.15 billion. <\/p>\n

The strong performance was driven by subscriber growth in Roku’s streaming platform business.<\/p>\n

ARK Invest still owns around $781 million worth of Roku stock.<\/p>\n

Deere & Co<\/strong> <\/h2>\n

Ark Invest purchased 36,812 shares of Deere & Co through ARKK, valued at approximately $17.16 million. <\/p>\n

This move came despite Deere reporting a 30% decline in net sales and revenue in its recent first-quarter earnings.<\/p>\n

Deere & Co reported net income of $869 million, or $3.19 per share, for the quarter ending January 26, down from $1.751 billion, or $6.23 per share, in the same quarter last year. <\/p>\n

Sales declined 30% to $8.508 billion. Despite the drop, the results exceeded analyst expectations, with FactSet consensus estimates at $3.11 per share and $7.7 billion in sales.<\/p>\n

Following the earnings report, JPMorgan analyst Ann Duignan raised the firm’s price target for Deere to $500 from $470 while maintaining a Neutral rating on the stock.<\/p>\n

Deere’s stock closed 2.17% lower at $466.22 on Thursday. <\/p>\n

Ark Invest entered the stock earlier this week on Tuesday and has since upped its stake in the company. It currently holds around $50 million worth of Deere & Co stock.<\/p>\n

Other Cathie Wood trades<\/h2>\n

Through ARKK, the firm purchased 306,168 shares of Iridium Communications Inc. (IRDM) worth $9.7 million and added 24,201 shares of Twist Bioscience Corp. (TWST), valued at $1.1 million. <\/p>\n

Ark also invested $20.4 million in The Trade Desk Inc. (TTD), acquiring 246,167 shares through ARKK. ARKW also bought TTD shares worth around $5 million<\/p>\n

In addition, Ark’s ARKG fund picked up 2,995 shares of Beam Therapeutics Inc. (BEAM), amounting to $247,400.<\/p>\n

The company also invested around $700,000 in Pager Duty<\/p>\n

The post Cathie Wood’s Ark Invest sold Roku, Robinhood on Thursday: here’s what it bought<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) On Thursday, Ark Invest, led by Cathie Wood, sold a chunk of its Robinhood shares. The sales come after the company posted strong earnings for the fourth quarter. Robinhood Markets saw its stock surge nearly 14% in early trading on Thursday, reaching its highest levels since 2021 and adding […]<\/p>\n","protected":false},"author":3947362387,"featured_media":47377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47376"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47376"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47377"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}