From Nasdaq:

Ark Invest, led by Cathie Wood, made a significant move by purchasing $3.3 million worth of shares in Robinhood Markets Inc. They also acquired 6,649 Tesla shares worth $1.24 million. Dan Dolev, an analyst from Mizuho, suggested that Robinhood’s recent introduction of a 3-cent pass-through charge per option trading contract could increase the 2024 adjusted EBITDA by 5% or more.

The acquisition of shares by Ark Invest reflects their support in the company’s revamped strategy and financial trajectory. Despite Tesla’s fourth-quarter double miss, Ark has continued to acquire Tesla shares, expressing a positive outlook on the company’s long-term value and leadership in the electric vehicle market.

In addition to making trades in Robinhood and Tesla, Ark Invest sold shares in Twilio Inc and UiPath Inc, adjusting its portfolio in the technology sector. They also made significant investments in Ginkgo Bioworks Holdings Inc and Teradyne Inc, focusing on biotech and robotics.



Read more: Cathie Wood’s Ark Loads Up On $3.3M Worth Of Robinhood Shares, Continues Its Tesla Stock Purchase Spree