TLDR
- Cathie Wood’s ARK Invest bought $13.6 million in Robinhood shares after the stock dropped 8.79% on earnings results
- ARK purchased $13.5 million worth of Shopify stock following a 6.78% decline after quarterly report
- The fund sold $31 million in Airbnb shares on February 12, continuing a two-day selling pattern
- ARK also acquired Tempus AI, Roblox, and Toast stock while trimming DraftKings and Pinterest positions
- Analysts give Robinhood “Strong Buy” ratings with projected upside potential over 90% in twelve months
Cathie Wood’s ARK Invest bought 174,677 shares of Robinhood Markets worth $13.6 million on February 12 after the trading platform’s stock fell 8.79% following earnings. The purchase signals Wood’s confidence in the company despite investor disappointment with quarterly results.
ARK made the Robinhood purchase alongside other beaten-down tech stocks during earnings season. The investment firm also acquired 114,020 shares of Shopify for $13.5 million after the e-commerce platform dropped 6.78% on its earnings report.
Wood’s strategy involves buying quality companies when prices fall after short-term market reactions. The approach assumes earnings-driven selloffs create entry points for long-term investors. ARK’s daily trade disclosures show active portfolio management during quarterly reporting periods.
The fund added 210,301 shares of Tempus AI for $11.3 million after the health technology stock declined 5.28%. ARK purchased 134,595 shares of Roblox for $9.3 million following an 8.46% drop in the gaming platform’s price. The fund also bought 156,974 shares of Toast worth $4.4 million.
Airbnb Position Reduced by $31 Million
ARK sold 259,652 shares of Airbnb for $31 million across its ARKK, ARKW, and ARKF exchange-traded funds. This represented the second consecutive day Wood reduced the vacation rental company position. Airbnb stock fell 3% during the trading period.
The investment firm sold 680,371 shares of DraftKings for $17.9 million, continuing a pattern of reducing sports betting exposure. DraftKings stock declined 4.33% in recent sessions. ARK also divested 214,031 shares of Pinterest worth $4.1 million.
Additional sales included 13,992 shares of Teradyne for $4.5 million and 2,866 shares of MercadoLibre valued at $5.8 million. Wood redirected proceeds from these sales into Robinhood, Shopify, and other growth-focused technology companies.
Technology Portfolio Expansion
ARK purchased 522,763 shares of Genius Sports for $3.2 million, maintaining focus on sports technology investments. The trades totaled over $100 million in combined activity across multiple funds on February 12.
Wall Street analysts currently rate Robinhood Markets as “Strong Buy” with upside potential exceeding 90% over the next twelve months. Pinterest also carries “Strong Buy” consensus ratings with similar price targets. These analyst views support Wood’s decision to increase Robinhood exposure at current valuations.
The purchases concentrated on financial technology, e-commerce platforms, healthcare technology, and gaming sectors. Sales reduced exposure to travel, sports betting, social media, and test equipment companies. ARK’s portfolio shifts reflect conviction in innovation-driven growth companies.
The Robinhood purchase builds on previous buying activity from the day before. ARK has increased its holdings in the trading platform during recent price weakness. Wood views the current price levels as attractive for building long-term positions in the stock.
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