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Palantir, Alibaba, Square, Google, DraftKings — Stocks Cathie Wood's Ark Bought Or Sold On Monday

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Palantir, Alibaba, Square, Google, DraftKings — Stocks Cathie Wood's Ark Bought Or Sold On Monday

Cathie Wood-led Ark Invest on Monday continued its buying spree in Palantir Technologies Inc (NYSE: PLTR), piled up 2.57 million shares — estimated to be worth about $63 million — on the dip.

Palantir shares closed 1.61% lower at $24.50 on Monday.

The New York-based investment firm owns stakes in the Peter Thiel-co-founded data analytics company via all of its six active exchange traded funds but deployed the Ark Innovation ETF (NYSE: ARKK), Ark Fintech Innovation ETF (NYSE: ARKF), Ark Next Generation Internet ETF (NYSE: ARKW) and the Ark Space Exploration & Innovation ETF (BATS: ARKX) to buy the shares.

The six ETFs held a total of 35.5 million shares, worth $870 million, in Palantir, as of Monday’s trades.

See Also: Michael Burry Bets Heavily Against Tesla, Cathie Wood's Ark Funds In Latest Options

Here are some of the other key trades for Ark on Monday:

  • Snapped up 210,644 shares — estimated to be worth about $11.05 million — in DraftKings Inc (NASDAQ: DKNG) on the dip. DraftKings shares closed 1.94% to $52.46 on Friday.
  • Shed 149,695 shares, estimated to be worth about $39.43 million in Square Inc (NYSE: SQ), on the dip. Shares of Square closed 1.67% lower at $263.40 on Monday.
  • Reduced its exposure in Alibaba Group Holdings (NYSE: BABA) by 152,255 shares - estimated to be worth about $27.82 million, on the day the shares of the Chinese conglomerate fell 3.12% to close at $182.71. 
  • Sold 6,975 shares — estimated to be worth about $19.3 million — in Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL). Alphabet shares closed marginally up at $2,766.19 on Monday.
  • Other key buys included Zillow Group Inc (NASDAQ: ZG), UiPath Inc (NYSE: PATH), StoneCo Ltd (NASDAQ: STNE), Jaws Spitfire Acquisitions Corps (NYSE: SPFR) and sells included Base Inc (OTC: BAINF), Tencent Holdings (OTC: TCEHY), and BYD Co Ltd (OTC: BYDDF).
  • See also: How To Buy Alibaba Stock

 

Related Articles (BABA + PLTR)

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