Cathie Wood-led Ark Investment Management on Thursday shed 162,840 shares, worth about $33.6 million, inAlibaba Group HoldingBABAafter the company posted its first operating loss as a listed company, as a record regulatory fine it wasslappedwith last month weighed on its earnings.
Shares of Alibaba, the e-commerce company that runs China’s most visited online marketplaces Taobao and Tmall, closed 6.28% lower at $206.08 on Thursday.
TheARK Fintech Innovation ETF ARKF made the trade, ahead of which It held 422,896 shares, worth about $92.99 million in Alibaba.
Besides ARKF, the hedge fund also holds Alibaba via theARK Autonomous Technology & Robotics ETF(BATS:ARKQ) and theARK Space Exploration & Innovation ETF(BATS:ARKX).
Wood's firm has beenpiling up shares in Alibaba rivalsincludingPinduoduo IncPDDandJD.comIncJD.
Other Ark Buys On Thursday:
- Zillow Group Inc Class AZG
- Coinbase Global IncCOIN
- DraftKings IncDKNG
- Shopify IncSHOP 0.01%
- Square IncSQ 0.05%
- Repare Therapeutics IncRPTX
- Recursion Pharmaceuticals IncRXRX
- 908 Devices IncMASS
- Uipath IncPATH
- 1life Healthcare IncONEM
- Exact Sciences CorporationEXAS
- Ionis Pharmaceuticals IncIONS
- Butterfly Network IncBFLY 0.11%
- Butterfly Network IncBFLY 0.11%
- Signify Health IncSGFY
- Zymergen IncZY
- Codexis IncCDXS
- CM Life Sciences II IncCMII 1.2%
- Twilio IncTWLO 0.01%
- Pacific Biosciences of California IncPACB
- TuSimple HoldingsTSP
- Unity Software IncU 0.04%
- Crispr Therapeutics AG (NASDAQ: CRSP)
- Zoom Video Communications IncZM
- Beam Therapeutics IncBEAM
- Skillz IncSKLZ 0.22%
- Kratos Defense & Security Solutions IncKTOS
- Iridium Communications IncIRDM
- The 3D Printing ETF(BATS:PRNT)
Other Ark Sells On Thursday:
- Yeahka LtdYHEKF
- Silvergate Capital CorpSI 0.07%
- Takeda Pharmaceutical Co LtdTAK 0.03%
- Vertex Pharmaceuticals IncorporatedVRTX
- Thermo Fisher Scientific IncTMO
- Syros Pharmaceuticals IncSYRS
- Sarepta Therapeutics IncSRPT
- Roche Holding AgRHHBY
- Pluristem Therapeutics IncPSTI
- Regeneron Pharmaceuticals IncREGN
- Phreesia IncPHR 0.02%
- Bristol-Myers Squibb CoBMY
- Lendingtree IncTREE
- Synopsys IncSNPS
- Pure Storage IncPSTG
- Novartis AgNVS
- Paccar IncPCAR
- Intercontinental Exchange IncICE
- Baidu IncBIDU
- KE HoldingsBEKE 0.02%
- PayPal HoldingsPYPL
- Pinterest IncPINS
- Nvdia CorpNVDA
- Netflix IncNFLX
- HubSpot IncHUBS 0.01%
- Fastly IncFSLY
- Docusign IncDOCU
- Crowdstrike Holdings IncCRWD
- Workhorse Group IncWKHS
- Adyen NVADYEY