Cathie Wood's Ark Invest Bets Big On Amazon, Roblox And Illumina While Trimming Palantir Stake After Alex Karp-Led Company Touched An All-Time High On Thursday

On Friday, Cathie Wood's Ark Invest made significant trades involving a number of prominent companies such as Amazon.com Inc (NASDAQ:AMZN), Robinhood Markets Inc (NASDAQ:HOOD), Palantir Technologies Inc (NYSE:PLTR), and Roblox Corp (NYSE:RBLX), among others.

The AMZN Trade

Ark Invest, across its ARK Fintech Innovation ETF (NYSE:ARKF), ARK Innovation ETF (NYSE:ARKK), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), ARK Next Generation Internet ETF (NYSE:ARKW), and ARK Space Exploration & Innovation ETF (BATS:ARKX) funds, purchased shares of Amazon.com Inc. The total number of shares bought across all ETFs was 72,457.

Given Amazon’s closing price of $229.15 on the day of the trade, the total value of purchases stands at $16.6 million.

The Roblox Trade

Ark Invest bought a cumulative 48,541 shares of Roblox across its ARKF, ARKK, and ARKW funds. The value of the trade stands at $3.21 million, based on Friday's closing price of Roblox stock of $66.28.

The Illumina Trade

Ark Invest bought a cumulative 107,459 shares of Illumina across its ARK Genomic Revolution ETF (BATS:ARKG) and ARKK funds. The value of the trade stands at $11.93 million, based on Friday's closing price of Illumina stock of $111.06.

The PLTR Trade

Ark Invest sold 8,150 shares of Palantir from its ARKF fund. The value of the trade stands at $903,428, based on Friday's closing price of Palantir stock of $110.85. The Alex Karp-led company reached an all-time high of $116 on Thursday.

Other Key Trades

• Accolade Inc. (NASDAQ:ACCD): 401,962 shares sold through ARKG fund.
• Twist Bioscience Corp. (NASDAQ:TWST): 44,562 shares bought through ARKG and ARKK funds.
• 10X Genomics Inc. (NASDAQ:TXG): 185,249 shares bought through ARKG and ARKK funds.
• PagerDuty Inc. (NYSE:PD): 85,420 shares bought through ARKK and ARKW funds.
• Cloudflare Inc. (NYSE:NET): 18,319 shares sold through ARKW fund.
• UiPath Inc. (NYSE:PATH): 996,441 shares sold through ARKK and ARKW funds.
• Robindhood Markets Inc. (NASDAQ:HOOD): 113,777 shares sold through ARKF, ARKK, and ARKW funds.
• Rocket Lab USA Inc. (NASDAQ:RKLB): 70,252 shares sold through ARKQ and ARKX funds.

Read Next:

• Legendary Short Seller Jim Chanos Warns Of Market Speculation Reaching Historic Extremes: ‘Wall Street Has A Printing Press Too'

Photo courtesy: Ark Invest