business news
Stocks: Berkshire Hathaway Buys Shares of DaVita HealthCare; Coca-Cola CEO Buys Company Stock
By
Jonathan Moreland
Feb 27, 2014 11:25 am
Plus, purchases at RealPage and The Pantry.
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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.
Notable Purchases:
In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are 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.
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.
Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
Notable Purchases:
- Warren Buffett's holding company Berkshire Hathaway (NYSE:BRK.B) bought 1,159,858 shares of dialysis services company DaVita HealthCare Partners (NYSE:DVA) for $77,679,440.
- Jason Wright, a director at RealPage (NASDAQ:RP), bought 50,000 shares of company stock for $824,000. RealPage provides on-demand software solutions to the rental housing industry.
- Clyde Preslar, Vice President and CFO of independently operated convenience store chain The Pantry (NASDAQ:PTRY), bought 34,854 shares of company stock for $487,956. The Pantry's stores are located in the southeastern United States.
- Muhtar Kent, Chairman and CEO of beverage company Coca-Cola (NYSE:KO), bought 10,500 shares of company stock for $398,051.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
B
|
$77,679,440
|
|||
|
2
|
DIR
|
B
|
$824,000
|
|||
|
3
|
VP,CFO
|
B
|
$487,956
|
|||
|
4
|
DIR
|
B
|
$478,440
|
|||
|
5
|
VP,GC,SEC
|
B
|
$426,837
|
|||
|
6
|
CB,CEO
|
B
|
$398,051
|
|||
|
7
|
BO
|
JB*
|
$376,590
|
|||
|
8
|
DIR
|
B
|
$299,806
|
|||
|
9
|
CEO,DIR
|
B
|
$198,140
|
|||
|
10
|
CEO,DIR
|
B
|
$194,783
|
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1
|
BO
|
JS*
|
$204,930,000
|
|||
|
2
|
CB,DIR
|
AS
|
$56,273,094
|
|||
|
3
|
CFO
|
AS
|
$29,655,024
|
|||
|
4
|
COO,DIR
|
AS
|
$19,997,990
|
|||
|
5
|
O
|
S
|
$18,711,146
|
|||
|
6
|
DIR
|
S
|
$16,985,176
|
|||
|
7
|
BO
|
S
|
$16,240,959
|
|||
|
8
|
VCB,DIR
|
S
|
$14,587,500
|
|||
|
9
|
DIR
|
AS
|
$6,653,787
|
|||
|
10
|
CEO,TO
|
S
|
$4,462,316
|
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights:In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are 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.
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.
Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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