Chuashiyong
2021-05-21
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Cathie Wood Buys Another $59M In Coinbase As Bitcoin Recovers, Entirely Cuts Apple Stake
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Shares of Apple closed 2.1% higher at $127.31 on Thursday.</p><p>Some of the other key Ark sells on Thursday included <b>Tencent Holdings</b>(OTC:TCEHY),<b>Pure Storage Inc</b>(NYSE:PSTG),<b>LendingTree Inc</b>(NASDAQ:TREE) and buys included <b>UiPath Inc</b>(NYSE:PATH).</p><p></p><p></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Buys Another $59M In Coinbase As Bitcoin Recovers, Entirely Cuts Apple Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Buys Another $59M In Coinbase As Bitcoin Recovers, Entirely Cuts Apple Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 13:29 GMT+8 <a href=https://www.benzinga.com/markets/cryptocurrency/21/05/21229891/cathie-wood-buys-another-59m-in-coinbase-as-bitcoin-recovers-entirely-cuts-apple-stake><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Thursday snapped up 254,738 shares, worth about $59.46 million, in CoinbaseGlobal Inc(NASDAQ:COIN) as the cryptocurrency exchange bounced back after a ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/05/21229891/cathie-wood-buys-another-59m-in-coinbase-as-bitcoin-recovers-entirely-cuts-apple-stake\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/05/21229891/cathie-wood-buys-another-59m-in-coinbase-as-bitcoin-recovers-entirely-cuts-apple-stake","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107247661","content_text":"Cathie Wood-led Ark Investment Management on Thursday snapped up 254,738 shares, worth about $59.46 million, in CoinbaseGlobal Inc(NASDAQ:COIN) as the cryptocurrency exchange bounced back after a bullish call from analysts.The New York-based investment firm bought the shares via theARK Fintech Innovation ETF(NYSE:ARKF) and theArk Innovation ETF(NYSE:ARKK).Ark held a total of 3.95 million COIN shares, worth about $887.8 million, ahead of Thursday’s trade via ARKF, ARKK and the ARK Next Generation Internet ETF(NYSE:ARKW).Loop Capital's Kourtney Gibson told CNBC on Thursday he believes Coinbase could be worth $400 to $450 per share and Wedbush analyst Moshe Katriinitiated coverage on the crypto exchangewith an Outperform rating and a price target of $275.On Wednesday, Wood forecastBitcoin(CRYPTO: $BTC) toreach $500,000 per coin.Coinbase shares closed 3.83% higher at $233.40 on Thursday.Ark also completely divested its residual Apple Inc(NASDAQ:AAPL) stake as it sold 188 shares. 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