On Wednesday, Cathie Wood-led Ark Invest made a significant move in the stock market, purchasing $3.3 million worth of shares in Robinhood Markets Inc (NASDAQ:HOOD). This decision comes amidst a period of strategic shifts and financial growth for Robinhood, marking another bold step by Ark Invest in supporting innovative companies.
The Robinhood Trade
Ark Invest purchased a total of 305,674 Robinhood shares through its flagship ARKK and ARKW. Robinhood shares closed 2.54% lower at $10.74 on Wednesday.
The firm's acquisition of Robinhood shares reflects a growing confidence in the company's revamped strategy and financial trajectory. A recent analysis of Robinhood's upward financial trajectory highlights the firm's potential in the evolving fintech landscape.
Dan Dolev, an analyst from Mizuho, suggests that the recent introduction of a 3-cent pass-through charge per option trading contract by HOOD, as disclosed in the fiscal third quarter 2023 10-Q, might have the potential to increase the 2024 adjusted EBITDA by 5% or more. the analyst has a buy recommendation with a price target of $15 for the stock.
The Tesla Trade
Ark purchased 6,649 Tesla shares through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW) on Wednesday. The transaction was worth $1.24 million. The shares of the Electric Car manufacturer closed at $187.29, declining 2.24% over a 24-hour period.
In addition to Robinhood, Ark Invest's continued investment in Tesla Inc (NASDAQ:TSLA) is noteworthy. With Wood's vocal support for CEO Elon Musk and the company's innovative approach, this trade underscores Ark's belief in Tesla's long-term value and leadership in the electric vehicle market.
In the aftermath of Tesla's fourth-quarter double miss, the Wood-led firm has consistently acquired Tesla shares over the course of the five subsequent sessions. Despite the setbacks, Ark maintains a positive outlook on Tesla, anticipating the stock to reach $2,000 by 2027. This optimistic valuation is largely attributed to the potential success of the robo-taxi service.
During a recent CNBC interview, Wood was questioned about Musk's request for a 25% ownership stake. In response, Wood praised Musk as a visionary leader, referring to him as a "renaissance man" and the inventor of our age.
Wood expressed her concern that contemporary investors are overly fixated on short-term gains, prioritizing immediate profits, dividends, and buybacks instead of recognizing and investing in significant opportunities available at present.
Other Key Trades:
The firm sold shares in Twilio Inc (NYSE:TWLO) and UiPath Inc (NYSE:PATH), adjusting its portfolio in the technology sector.
Significant investments were made in Ginkgo Bioworks Holdings Inc (NYSE:DNA) and Teradyne Inc (NASDAQ:TER), indicating a focus on biotech and robotics.
Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal
週三，凱西·伍德領導的方舟投資在股票市場上採取了重大舉措，購買了Robinhood Markets公司（納斯達克股票代碼：HOOD）價值330萬美元的股票。這一決定是在Robinhood的戰略轉變和財務增長時期做出的，這標誌着Ark Invest在支持創新公司方面又邁出了大膽的一步。
Robinhood交易
方舟投資通過其旗艦產品ARKK和ARKW共購買了305,674股羅賓漢股票。週三，羅賓漢股價收盤下跌2.54％，至10.74美元。
該公司收購Robinhood的股票反映了人們對公司調整後的戰略和財務軌跡的信心增強。最近對Robinhood財務上升軌跡的分析凸顯了該公司在不斷變化的金融科技格局中的潛力。
瑞穗分析師丹·多列夫表示，正如2023年第三財季第10季度披露的那樣，HOOD最近推出的每份期權交易合約3美分的直通費，有可能使2024年調整後的息稅折舊攤銷前利潤增加5％或更多。該分析師提出了買入建議，該股的目標股價爲15美元。
特斯拉交易
方舟週三通過方舟創新ETF（紐約證券交易所代碼：ARKK）和方舟下一代互聯網ETF（紐約證券交易所代碼：ARKW）購買了6,649股特斯拉股票。這筆交易價值124萬美元。這家電動汽車製造商的股價收於187.29美元，在24小時內下跌2.24％。
除羅賓漢外，方舟投資對特斯拉公司（納斯達克股票代碼：TSLA）的持續投資也值得注意。伍德對首席執行官埃隆·馬斯克的大力支持以及該公司的創新方針，這筆交易凸顯了方舟對特斯拉長期價值和電動汽車市場領導地位的信念。
在特斯拉第四季度雙失之後，這家由伍德領導的公司在隨後的五個交易日中一直收購特斯拉股票。儘管遇到了挫折，但方舟對特斯拉保持樂觀的前景，預計到2027年該股將達到2,000美元。這種樂觀的估值在很大程度上歸因於機器人出租車服務的潛在成功。
在最近接受CNBC採訪時，伍德被問及馬斯克要求獲得25％所有權的問題。作爲回應，伍德稱讚馬斯克是一位有遠見的領導者，稱他爲 “文藝復興時期的人” 和我們這個時代的發明家。
伍德表示擔心，當代投資者過於關注短期收益，優先考慮即時利潤、分紅和回購，而不是認可和投資目前可用的重大機會。
其他關鍵交易：
由 Benzinga Neuro 設計，編輯者 Shivdeep Dhaliwal
