In Insider Trading, Liberty Interactive Increases Its Stake in Expedia; HomeAway Sees a Major Sale

By Jonathan Moreland  MAR 05, 2013 10:20 AM

Plus, Berkshire buys DaVita, Icahn buys Icahn Enterprises; Arch Capital, Equity One, and Facebook see sales.

 


In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Monday, March 4, 2013 as ranked by dollar value.

Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

In insider purchases, the American media conglomerate Liberty Interactive (NASDAQ:LINTA), a Beneficiary Owner of online travel company Expedia (NASDAQ:EXPE), bought $25,272,994 worth of company stock. At kidney care company DaVita HealthCare (NYSE:DVA), Beneficiary Owner Berkshire Hathaway (NYSE:BRK.B) bought $19,726,772 worth of company stock. Carl Icahn, the Chairman and majority shareholder of Icahn Enterprises (NASDAQ:IEP), bought $1,001,700 worth of company stock.

In insider sales, AV Partners VIII LP, a Beneficiary Owner of online vacation rental marketplace HomeAway (NASDAQ:AWAY), sold $51,300,000 worth of company stock. At insurance and reinsurance provider Arch Capital Group (NASDAQ:ACGL), the Chairman, President, and CEO Constantine Iordanou sold $4,919,150 worth of company stock. Chaim Katzman, the Chairman of real estate investment trust Equity One (NYSE:EQY), sold $3,846,173 of company stock. At Facebook (NASDAQ:FB), the Vice President and General Counsel Theodore Ullyot sold $1,376,087 worth of stock.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$25,272,994
2
BO
B
$19,726,772
3
CB,DIR,BO
B
$1,001,700
4
DIR
B
$627,875
5
DIR
JB*
$500,000
6
DIR
JB*
$500,000
7
DIR
B
$490,917
8
BO
JB*
$450,000
9
DIR
B
$430,493
10
BO
B
$256,879

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$51,300,000
2
CB,PR,CEO
S
$4,919,150
3
CB,DIR,BO
S
$3,846,173
4
DIR,BO
S
$3,098,756
5
PR
S
$1,574,345
6
BO
S
$1,544,704
7
VP,GC,SEC
AS
$1,376,087
8
VP,GC,SEC
S
$1,283,540
9
CB,DIR
AS
$1,259,834
10
VP,CFO,DIR
S
$1,217,601

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.