Cathie Wood Buys Baidu, Sells Roku & BREA
Cathie Wood buys Baidu and Alibaba in a major portfolio reshuffling, while simultaneously selling off Roku shares and completely exiting a $69 million position in BREA. The Ark portfolio changes mark a strategic pivot toward Chinese tech stocks, as Cathie Wood buys Baidu at around $137.44 and also picks up Alibaba shares near $182.78. Comparison chart of BABA, ROKU, BIDU, and BREA analyst ratings – Source: TipRanks Cathie Wood Buys Baidu & Alibaba While Reshaping Ark’s Holdings Source: Investor’s Business Daily Major Buys in Chinese Tech Detailed comparison showing DKNG, BABA, BIDU, KDK, and RBRK holdings – Source: TipRanks Right now, Cathie Wood buys Alibaba at $182.78 per share, with the e-commerce giant carrying a market cap of $424.97 billion and a “ Strong Buy ” analyst consensus. The analyst price target actually sits at $191.55, which represents a 4.80% upside potential. At the same time, Ark Invest was adding Baidu shares that were trading at ...