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
周三，凯西·伍德领导的方舟投资在股票市场上采取了重大举措，购买了Robinhood Markets公司（纳斯达克股票代码：HOOD）价值330万美元的股票。这一决定是在Robinhood的战略转变和财务增长时期做出的，这标志着Ark Invest在支持创新公司方面又迈出了大胆的一步。
Robinhood交易
方舟投资通过其旗舰产品ARKK和ARKW共购买了305,674股罗宾汉股票。周三，罗宾汉股价收盘下跌2.54％，至10.74美元。
该公司收购Robinhood的股票反映了人们对公司调整后的战略和财务轨迹的信心增强。最近对Robinhood财务上升轨迹的分析凸显了该公司在不断变化的金融科技格局中的潜力。
瑞穗分析师丹·多列夫表示，正如2023年第三财季第10季度披露的那样，HOOD最近推出的每份期权交易合约3美分的直通费，有可能使2024年调整后的息税折旧摊销前利润增加5％或更多。该分析师提出了买入建议，该股的目标股价为15美元。
特斯拉交易
方舟周三通过方舟创新ETF（纽约证券交易所代码：ARKK）和方舟下一代互联网ETF（纽约证券交易所代码：ARKW）购买了6,649股特斯拉股票。这笔交易价值124万美元。这家电动汽车制造商的股价收于187.29美元，在24小时内下跌2.24％。
除罗宾汉外，方舟投资对特斯拉公司（纳斯达克股票代码：TSLA）的持续投资也值得注意。伍德对首席执行官埃隆·马斯克的大力支持以及该公司的创新方针，这笔交易凸显了方舟对特斯拉长期价值和电动汽车市场领导地位的信念。
在特斯拉第四季度双失之后，这家由伍德领导的公司在随后的五个交易日中一直收购特斯拉股票。尽管遇到了挫折，但方舟对特斯拉保持乐观的前景，预计到2027年该股将达到2,000美元。这种乐观的估值在很大程度上归因于机器人出租车服务的潜在成功。
在最近接受CNBC采访时，伍德被问及马斯克要求获得25％所有权的问题。作为回应，伍德称赞马斯克是一位有远见的领导者，称他为 “文艺复兴时期的人” 和我们这个时代的发明家。
伍德表示担心，当代投资者过于关注短期收益，优先考虑即时利润、分红和回购，而不是认可和投资目前可用的重大机会。
其他关键交易：
由 Benzinga Neuro 设计，编辑者 Shivdeep Dhaliwal
