On Monday, Cathie Wood‘s Ark Invest executed significant trades involving Airbnb Inc. (NASDAQ:ABNB), Coinbase Global Inc. (NASDAQ:COIN), Tempus AI Inc. (NASDAQ:TEM), and ARK 21Shares Bitcoin ETF (BTS: ARKB) amid a broader market sell-off.
The Airbnb Trade
Ark Invest’s ARKF fund acquired 74,111 shares of Airbnb via Ark Fintech Innovation ETF (NYSE:ARKF). This move comes on the heels of Airbnb’s impressive fourth-quarter performance, where it surpassed earnings expectations. The company’s growth was fueled by increased bookings in “nights and experiences” and a shift in market share from traditional hotels. According to Airbnb’s CFO, Ellie Mertz, the company has been attracting more users from classic hotels, contributing to its market share gains. The value of this trade is currently unavailable due to missing closing price data.
For the day, ABNB stock rose 1.5% to close at $140.98, bringing the value of Ark’s purchase to approximately $10.45 million.
The Coinbase Trade
Ark …
