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Cathie Wood Adds More Coinbase, Skillz, Trims Square

Benzinga2021-04-26

Cathie Wood-led Ark Investment Management on Friday snapped up another 221,167 shares of the cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) worth about $64.49 million on the stock’s Friday’s dip and also its fourth-straight loss.

The investment firm’s Ark Innovation ETF (NYSE:ARKK) bought the shares of the company that closed 0.63% lower at $291.60 on Friday, giving the cryptocurrency exchange a market cap of $58.09 billion. Coinbase’s market cap has dropped from $85.8 billion on its blockbuster listing earlier this month.

The New York-based company also added another 3,873 shares of the mobile gaming company Skillz Inc (NYSE:SKLZ),just a day after snapping 1.2 million shares of the stock.

ARKK bought the shares of the company which closed 9.33% higher at $18.17 on Friday.

Skillz is a mobile games platform that enables competitive esports-style play that hosts billions of casual esports tournaments annually.

The investment firm also sold 193,800 shares of the digital payment company Square Inc (NYSE:SQ), estimated to be worth $47.75 million as of its Friday’s close.

Square is among Ark’s top three holdings. ARKK sold the shares of Square representing 0.197% of the ETF.

Ark Invest sold a total of 82,070 shares of the online lending marketplace company LendingTree Inc (NASDAQ:TREE) worth about $18.6 million as of the stock’s Friday’s close.

Two of the New York-based investment firm’s flagship funds made the trade. The Ark Fintech Innovation ETF (NYSE:ARKF) bought 23,470 shares, representing 0.12% of the ETF, and the ARK Next Generation Internet ETF (NYSE:ARKW) bought 58,600 shares, representing 0.19% of the ETF.

The Ark Genomic Revolution ETF (BATS:ARKG) bought 78,639 shares of Ionis Pharmaceutical Co (NYSE:IONS), estimated to be about $3.35 million, representing 0.034% of the ETF.

Ionis shares closed 0.54% higher at $42.69 on Friday.

Other Ark Buys On Friday:

Recursion Pharmaceuticals(NASDAQ:RXRX)

908 Devices(NASDAQ:MASS)

Beam Therapeutics(NASDAQ:BEAM)

Jaws Spitfire Acquisition(NYSE:SPFR)

Niu Technologies(NASDAQ:NIU)

3D Systems(NYSE:DDD)

Iridium Communications(NASDAQ:IRDM)

Other Ark Sells On Friday:

SyrosPharmaceuticals(NASDAQ:SYRS)

Phreesia(NYSE:PHR)

Pluristem Therapeutics(NASDAQ:PSTI)

PACCAR(NASDAQ:PCAR)

Nvidia(NASDAQ:NVDA)

DocuSign(NASDAQ:DOCU)

Pure Storage Inc(NYSE:PSTG)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment19

  • YQ17
    ·2021-04-27
    ?
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  • Pangabui
    ·2021-04-26
    [微笑] [微笑] [微笑] [微笑]
    Reply
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    • Sheryl85
      [Strong]
      2021-04-26
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  • noobieq0000
    ·2021-04-26
    .
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  • Milankaka
    ·2021-04-26
    She has been adding coinbase non stop
    Reply
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    • WendyGoh
      Yes
      2021-04-26
      Reply
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  • boonk
    ·2021-04-26
    Follow small first
    Reply
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    • boonk
      Buy coin if reach ipo price
      2021-04-26
      Reply
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    • boonk
      Buy skilz
      2021-04-26
      Reply
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  • Veldora
    ·2021-04-26
    Coinbase have potential. Bitcoin and crypto will be future.[財迷] 
    Reply
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    • Mourinho10
      Coinbase has potential.
      2021-04-26
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    • boonk
      Yes coin
      2021-04-26
      Reply
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  • russ1122
    ·2021-04-26
    hi
    Reply
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  • UNCLEUNCLE
    ·2021-04-26
    [財迷] [財迷] 
    Reply
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  • stinger77
    ·2021-04-26
    Let's sting them
    Reply
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  • Troedas
    ·2021-04-26
    Nice one
    Reply
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    • russ1122
      hi
      2021-04-26
      Reply
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  • Henryee18
    ·2021-04-26
    Reply
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    • pakthedude
      ARK Invest [得意]
      2021-04-27
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  • LHL0909
    ·2021-04-26
    Wow
    Reply
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    • jonlien
      behshewjje
      2021-04-26
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  • Hayz
    ·2021-04-26
    Looks like COIN is added constantly, l will follow to buy some.  Monitor the others....Any comments?
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    • Aaronykc
      Keep buying the dip
      2021-04-26
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    • Troedas
      Agree
      2021-04-26
      Reply
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  • jonbeloved
    ·2021-04-26
    Wow
    Reply
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  • Lim89
    ·2021-04-26
    Goo go go
    Reply
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  • letsgo8
    ·2021-04-26
    Ok
    Reply
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    • 林癸源
      [微笑]
      2021-04-26
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    • letsgo8
      Wow
      2021-04-26
      Reply
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  • haoren
    ·2021-04-26
    Add more coinbase
    Reply
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  • qinx
    ·2021-04-26
    Coinbase hmmm
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    • jonlien
      bshwhwheh
      2021-04-26
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  • aazbhsj
    ·2021-04-26
    like n comment pls
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    • hongg
      like and comment on my comment pls
      2021-04-26
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