Weekly CEO Buys Highlights
- By Joy Hu
According to GuruFocus' Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
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The intrinsic value of SOHU
Sohu.com CEO bought 48,000 shares
Sohu.com Inc. (SOHU) CEO and 10% owner Charles Zhang bought 48,000 shares for $34.27 per share in the past week. The stock price has increased by 7.24% since.
Zhang bought 16,000 shares for $33.6 per share on Dec. 2, 16,000 shares for $33.6 per share on Dec. 6 and 16,000 shares for $35.6 per share on Dec. 8.
Sohu.com is a Chinese online media, search, gaming, community and mobile service group providing comprehensive online products and services on PCs and mobile devices in the People's Republic of China. The company has a market cap of $1.42 billion. As of Dec. 9 its shares traded for $36.75 with a price-earnings (P/E) ratio of -7.48.
Total revenues for the third quarter were $411 million, down 21% year over year and 2% quarter over quarter.
Insulet CEO bought 40,000 shares
Insulet Corp. (PODD) CEO and Chairman Patrick J. Sullivan bought 40,000 shares for $33.89 per share on Dec. 2. The stock price has increased by 10.98% since.
Insulet is a medical device company that develops, manufactures and markets OmniPod Insulin Management System, an insulin infusion system for people with insulin-dependent diabetes. The company has a market cap of $2.16 billion. As of Dec. 9 its shares traded at $37.61 with a P/E ratio of -45.64.
Third-quarter revenue increased 33% to $94.9 million, compared to revenue from continuing operations of $71.4 million in the third quarter of 2015.
Executive Vice President Human Resources Bradley A. Thomas bought 3,100 shares for $32.45 per share on Dec. 1. The stock price has increased by 15.9% since.
PJT Partners CEO bought 25,000 shares
PJT Partners Inc. (PJT) Chairman and CEO Paul J. Taubman bought 25,000 shares for $29.34 per share on Dec. 2. The stock price has increased by 6.58% since.
PJT is an independent financial advisory firm. It provides strategic advisory, restructuring and reorganization and funds advisory services to corporations, financial sponsors, institutional investors and governments. The company has a market cap of $1.07 billion. As of Dec. 9 its shares traded at $31.27 with a P/E ratio of -16.22.
For the three months ended Sept. 30, total revenues were $121.3 million compared with $147.3 million for the three months ended Sept. 30, 2015, a decrease of 18%.
Taubman bought 789 shares for $29.65 per share on Nov. 15. Taubman also bought 35,000 shares on Nov. 15 at a price of $29.73. The stock price has increased by 5.18% since.
SiteOne Landscape Supply CEO bought 15,000 shares
SiteOne Landscape Supply Inc. (SITE) CEO Doug Black bought 15,000 shares on Dec. 6 for $32.80 per share. The stock price has increased by 1.86% since.
SiteOne supplies wholesale irrigation, outdoor lighting, nursery, landscape supplies, fertilizers, turf protection products, grass seed, turf care equipment and golf course accessories for green industry professionals. The company has a market cap of $1.32 billion. As of Dec. 9 its shares traded at $33.41 with a P/E ratio of -7.82.
Net sales for the third quarter increased to $444.5 million, or 10%, compared to $404.5 million for the prior-year period.
SiteOne 10% owner Deere and Co. sold 3,596,863 shares for $33 per share on Dec. 5. The stock price has increased by 1.24% since.
SiteOne 10% owner CD&R Associates VIII Ltd. sold 6,753,137 shares for $33 per share on Dec. 5. The stock price has increased by 1.24% since.
CoreSite Realty CEO bought 7,000 shares
CoreSite Realty Corp. (COR) President and CEO Paul E. Szurek bought 7,000 shares for $68.92 per share on Dec. 5. The stock price has increased by 8.89% since.
CoreSite is a fully integrated, self-administered and self-managed real estate investment trust. The company is engaged in the business of owning, acquiring, constructing and managing technology-related real estate. CoreSite has a market cap of $3.85 billion. As of Dec. 9 its shares traded at $75.05 with a P/E ratio of 52.48.
Reported third-quarter total operating revenue for the third quarter was $101.3 million, representing a 17.2% increase year over year.
For the complete list of stocks that were bought by their company CEOs, go to: CEO Buys.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.
Warning! GuruFocus has detected 4 Warning Signs with SOHU. Click here to check it out.
The intrinsic value of SOHU
