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.