Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Insider Trading 02 November 2012: Bill Gates Sold $153 Million of Microsoft

admin by admin
November 4, 2012
in Uncategorized
0
0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

by Asif Suria

Insider buying decreased with insiders purchasing $121.62 million of their stock last week compared to $159 million in the week prior. Selling decreased with insiders selling $1.58 billion of stock last week compared to $1.7 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 13.04. In other words, insiders sold 13 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 10.86.

We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio November 2, 2012

Insider Sell Buy Ratio November 2, 2012

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Kinder Morgan, Inc. (KMI): $34.11

Director Fayez Sarofim acquired 600,000 shares of this oil and gas pipeline company, paying $34.76 per share for a total amount of $20.9 million. Mr. Sarofim increased his stake by 2.81% to 21,989,655 shares with this purchase. The shares purchased by Mr. Sarofim are class P shares.

Mr. Sarofim is an Egyptian-born Texas billionaire and manager of several Dreyfus funds. He is also the second largest direct investor of Kinder Morgan. While Mr. Sarofim has purchased shares of Kinder Morgan in managed client accounts in the past, this is a direct purchase.

The company completed its IPO in February 2011 and this Morningstar article titled “Three Ways to Invest in Kinder Morgan” does a great job of explaining the differences between the three incarnations of Kinder Morgan.

You can view the list of recent insider transactions for Kinder Morgan, Inc. here.

P/E: N/AForward P/E: 25.08Industry P/E: 24.71
P/S: 3.92Price/Book: 2.54EV/EBITDA: 20.15
Market Cap: $35.37BAvg. Daily Volume: 5,773,49052 Week Range: $26.91 – $40.25

2. AGCO Corporation (AGCO): $45.78

Director Mallika Srinivasan acquired 415,664 shares of this farm & construction machinery company, paying $45.66 per share for a total amount of $18.98 million. These shares were purchased indirectly by Tractors and Farm Equipment Limited.

You can view the list of recent insider transactions for AGCO Corporation here.

P/E: 6.4Forward P/E: 8.22Industry P/E: 10.16
P/S: 0.47Price/Book: 1.36EV/EBITDA: 5.69
Market Cap: $4.44BAvg. Daily Volume: 1,093,18052 Week Range: $38.09 – $54

3. BlackRock, Inc. (BLK): $189.52

Director James Grosfeld acquired 42,400 shares of this asset management company, paying $189.10 per share for a total amount of $8 million. Mr. Grosfeld increased his stake by 8.84% to 521,938 shares with this purchase. 25,000 of these shares were purchased indirectly by a LLC.

This follows the $85.4 million purchase we highlighted last week.

You can view the list of recent insider transactions for BlackRock, Inc. here.

P/E: 14.69Forward P/E: 12.65Industry P/E: 14.73
P/S: 3.62Price/Book: 1.33EV/EBITDA: 10
Market Cap: $32.60BAvg. Daily Volume: 668,18352 Week Range: $150.35 – $209.37

4. Cracker Barrel Old Country Store, Inc. (CBRL): $63.45

10% Owner Sardar Biglari acquired 58,541 shares of this restaurant chain, paying $63.39 per share for a total amount of $3.7 million. These shares were purchased indirectly by Biglari Holdings.

You can view the list of recent insider transactions for Cracker Barrel Old Country Store, Inc. here.

P/E: 14.42Forward P/E: 11.58Industry P/E: 19.74
P/S: 0.58Price/Book: 3.92EV/EBITDA: 7.39
Market Cap: $1.49BAvg. Daily Volume: 185,73052 Week Range: $43.53 – $69.3

5. Opko Health, Inc. (OPK): $4.26

CEO & Chairman Phillip Frost M.D. acquired 225,000 shares of this medical devices and drug development company, paying $4.30 per share for a total amount of $968,554. These shares were purchased indirectly by Frost Gamma Investments Trust.

You can view the list of recent insider transactions for Opko Health, Inc. here.

P/E: N/AForward P/E: N/AIndustry P/E: 21.82
P/S: 40.77Price/Book: 8.42EV/EBITDA: -52.17
Market Cap: $1.27BAvg. Daily Volume: 957,79052 Week Range: $4.00 – $5.85

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Microsoft Corporation (MSFT): $29.4998

Shares of Microsoft were sold by 3 insiders:

  • Founder Bill Gates sold 5,500,000 shares for $27.95, generating $153.7 million from the sale.
  • Senior Vice President Lisa E. Brummel sold 71,313 shares for $28.54, generating $2 million from the sale.
  • President, Offfice Division Kurt D. DelBene sold 35,000 shares for $28.00, generating $979,832 from the sale.

You can view the list of recent insider transactions for Microsoft Corporation here.

P/E: 15.95Forward P/E: 9.1Industry P/E: 22.39
P/S: 3.43Price/Book: 3.61EV/EBITDA: 6.76
Market Cap: $248.28BAvg. Daily Volume: 43,304,70052 Week Range: $24.3 – $32.95

2. M&T Bank Corporation (MTB): $103.55

Chairman of the Board and CEO Robert G. Wilmers sold 300,000 shares of this regional bank for $104.22, generating $31.3 million from the sale.

You can view the list of recent insider transactions for M&T Bank Corporation here.

P/E: 16.14Forward P/E: 12.69Industry P/E: 13.76
P/S: 3.57Price/Book: 1.47EV/EBITDA: N/A
Market Cap: $13.20BAvg. Daily Volume: 925,19452 Week Range: $67.23 – $105.33

3. The Charles Schwab Corporation (SCHW): $13.74

Chairman Charles R. Schwab sold 1,250,000 shares of this investment brokerage for $13.50, generating $16.9 million from the sale. These shares were sold indirectly through a trust.

You can view the list of recent insider transactions for The Charles Schwab Corporation here.

P/E: 20.63Forward P/E: 18.82Industry P/E: 14.64
P/S: 3.63Price/Book: 2.11EV/EBITDA: N/A
Market Cap: $17.51BAvg. Daily Volume: 9,519,98052 Week Range: $10.67 – $15.53

4. Alexion Pharmaceuticals, Inc. (ALXN): $89.09

Shares of this biopharmaceutical company were sold by 2 insiders:

  • SVP & President ALXN Pharma Int’l Patrice Coissac sold 84,764 shares for $91.16, generating $7.7 million from the sale.
  • CEO Leonard Bell sold 7,982 shares for $94.99, generating $758,237 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Alexion Pharmaceuticals, Inc. here.

P/E: 78.84Forward P/E: 32.28Industry P/E: 20.73
P/S: 17.24Price/Book: 9.59EV/EBITDA: 43.07
Market Cap: $17.31BAvg. Daily Volume: 1,183,19052 Week Range: $62.02 – $119.54

5. Potlatch Corporation (PCH): $38.35

Shares of this industrial REIT were sold by 2 insiders:

  • Chairman, President & CEO Michael J. Covey sold 80,000 shares for $38.43, generating $3.1 million from the sale.
  • Executive Vice President Eric J. Cremers sold 30,000 shares for $38.35, generating $1.2 million from the sale. 2,500 of these shares were sold indirectly by Mr. Cremer’s wife.

You can view the list of recent insider transactions for Potlatch Corporation here.

P/E: 56.73Forward P/E: 30.2Industry P/E: 48.86
P/S: 3.18Price/Book: 11.18EV/EBITDA: 21.38
Market Cap: $1.55BAvg. Daily Volume: 193,19852 Week Range: $28.02 – $38.9

You can view the full list of sales from this Insider Sales page.

Other posts by Asif Suria

About the Author


Asif Suria

Asif Suria is the founder and editor of Insider Trade Reports, a service that provides daily reports on insider activity and rates the top insider purchases and sales using a proprietary model. He also maintains a Merger Arbitrage tool that displays real-time spreads and covers mergers and acquisitions on a weekly basis.

 

 

 


Previous Post

Risky Business is the Tone for the Rest of the Year

Next Post

The Fiscal Cliff and Corporate Profits

Related Posts

Is Deflation Good For Crypto?
Uncategorized

Is Deflation Good For Crypto?

by John Wanguba
March 24, 2023
TikTok Hits 150M U.S. Monthly Users, A Spike From 100M In 2020
Business

TikTok Hits 150M U.S. Monthly Users, A Spike From 100M In 2020

by John Wanguba
March 24, 2023
SpaceX, Boeing, Netflix To Join "Biggest-Ever" US Business Mission To Vietnam
Business

SpaceX, Boeing, Netflix To Join “Biggest-Ever” US Business Mission To Vietnam

by John Wanguba
March 24, 2023
Do Kwon Faces Fraud Charges From US Authorities Hours After Arrest
Econ Intersect News

Do Kwon Faces Fraud Charges From US Authorities Hours After Arrest

by John Wanguba
March 23, 2023
Bank Profits At Risk From Possible CBDC Transformation OF Global Economy – Moody’s
Business

Bank Profits At Risk From Possible CBDC Transformation OF Global Economy – Moody’s

by John Wanguba
March 23, 2023
Next Post

The Fiscal Cliff and Corporate Profits

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Is Deflation Good For Crypto?
  • TikTok Hits 150M U.S. Monthly Users, A Spike From 100M In 2020
  • SpaceX, Boeing, Netflix To Join “Biggest-Ever” US Business Mission To Vietnam

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish