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Cathie Wood's ARK Invest Buys $27.9M in Meta, Sells $27.8M in Alphabet Amid Market Debate on Timing
Cathie Wood's ARK Invest bought 43,091 shares of Meta Platforms (NASDAQ:META) worth approximately $27.9 million, while selling 84,392 Alphabet (NASDAQ:GOOG) shares valued at about $27.8 million. This portfolio adjustment comes as Meta has rallied 14% over the past three months and Alphabet has fallen almost 8%, prompting analysts to question if the firm is buying high and selling low. Meta's recent EPS missed estimates, with costs surging 55% and free cash flow collapsing, while Alphabet's Google Cloud posted 82% year-over-year revenue growth.
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