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Weekly Top Insider Buys: eBay Inc., Charles Schwab Corp., Safeway Inc., Nabors Industries Ltd. and Synovus Financial Corp.

July 27, 2013 | About:
According to GuruFocus Insider Data, these are the largest insider buys during the past week: eBay Inc. (EBAY), Charles Schwab Corp. (SCHW), Safeway Inc. (SWY), Nabors Industries Ltd. (NBR) and Synovus Financial Corp. (SNV).

The overall trend of insiders is illustrated in the chart below:



eBay Inc. (EBAY): Director Kathleen C. Mitic Bought 5,000 Shares

Director of eBay Inc., Kathleen C. Mitic, bought 5,000 shares on 7/24/2013 at an average price of $52.25. eBay Inc. was formed as a sole proprietorship in September 1995 and was incorporated in California in May 1996. eBay Inc. has a market cap of $66.67 billion; its shares were traded at around $52.25 with a P/E ratio of 25.84 and P/S ratio of 4.58. eBay Inc. had an annual average earnings growth of 16.7% over the past 10 years. GuruFocus rated eBay Inc. the business predictability rank of 4-star.

On July 17, eBay Inc. reported that revenue for the second quarter ended June 30, 2013, increased 14% to $3.9 billion, compared to the same period of 2012. The company reported second quarter net income on a GAAP basis of $640 million, or $0.49 per diluted share, and non-GAAP net income of $822 million, or $0.63 per diluted share. The year-over-year increase in second quarter non-GAAP earnings per diluted share was driven primarily by strong top-line growth.

Last week, Director Kathleen C. Mitic bought 5,000 shares of EBAY stock. SVP, Corporate Communications Alan Lee Marks and President, CEO and Director John J. Donahoe sold shares last week. SVP Legal Affairs, General Counsel and Secretary Michael R. Jacobson sold 30,416 shares in May.

Charles Schwab Corp (SCHW): Director Stephen A. Ellis Bought 11,665 Shares

Director of Charles Schwab Corp, Stephen A. Ellis, bought 11,665 shares on 7/18/2013 at an average price of $22.12. Charles Schwab Corp was incorporated in Delaware in 1986. Charles Schwab Corp has a market cap of $28.52 billion; its shares were traded at around $22.12 with a P/E ratio of 31.85 and P/S ratio of 5.64. The dividend yield of Charles Schwab Corp stocks is 1.08%. Charles Schwab Corp had an annual average earnings growth of 4.4% over the past 10 years.

On July 16, The Charles Schwab Corporation announced that its net income for the second quarter of 2013 was $256 million, up 24% from $206 million for the first quarter of 2013, and down 7% from $275 million for the second quarter of 2012. Net income for the six months ended June 30, 2013 was $462 million, down 2% from the year-earlier period.

Last week, Director Stephen A. Ellis bought 11,665 shares of SCHW stock. President and CEO Walter W. Bettinger sold 1,048,900 shares last week. President and CEO Walter W Bettinger and EVP and CFO Joseph R. Martinetto sold shares in May.

Safeway Inc. (SWY): Director Frank C. Herringer Bought 18,000 Shares

Director of Safeway Inc., Frank C. Herringer, bought 18,000 shares on 7/25/2013 at an average price of $25.98. Safeway Inc. was incorporated in the state of Delaware in July 1986 as SSI Holdings Corporation and, thereafter, its name was changed to Safeway Stores Inc. Safeway Inc. has a market cap of $6.18 billion; its shares were traded at around $25.98 with a P/E ratio of 10.30 and P/S ratio of 0.14. The dividend yield of Safeway Inc. stocks is 2.79%. Safeway Inc. had an annual average earnings growth of 5.3% over the past 10 years. GuruFocus rated Safeway Inc. the business predictability rank of 2-star.

On July 18, Safeway Inc. reported results for the second quarter of 2013. Income from continuing operations was $58.1 million ($0.24 per diluted share) for the second quarter of 2013. Net income for the second quarter of 2013 was $8.4 million ($0.03 per diluted share). Sales and other revenue declined 1.6% to $8.7 billion in the second quarter of 2013 from $8.8 billion in the second quarter of 2012.

Last week, Director Frank C. Herringer bought 18,000 shares of SWY stock. Senior Vice President David F. Bond bought 5,000 shares this month. Executive Vice President Kelly P. Griffith and Senior Vice President Russell M. Jackson sold shares this month.

Nabors Industries Ltd. (NBR): Director Howard Wolf Bought 11,000 Shares

Director of Nabors Industries Ltd., Howard Wolf, bought 11,000 shares on 7/25/2013 at an average price of $14.93. Nabors Industries Ltd. was formed as a Bermuda exempt company on Dec. 11, 2001. Nabors Industries Ltd. has a market cap of $4.45 billion; its shares were traded at around $14.93 with a P/E ratio of 22.73 and P/S ratio of 0.67. The dividend yield of Nabors Industries Ltd. stocks is 0.54%. Nabors Industries Ltd. had an annual average earnings growth of 5.8% over the past 10 years.

On July 23, Nabors Industries Ltd. reported its financial results for the second quarter and first six months of 2013. Adjusted income from operating activities was $90.9 million, compared to $225.3 million in the second quarter of 2012 and $149.6 million in the first quarter of 2013. Net income from continuing operations was $29.3 million ($0.08 per diluted share), compared to a net loss of $98.7 million (-$0.34 per diluted share) in the second quarter of 2012 and $97.2 million ($0.33 per diluted share) in the first quarter of 2013.

In July, Director Howard Wolf bought 11,000 shares of NBR stock.

Synovus Financial Corp (SNV): Director T. Michael Goodrich Bought 100,000 Shares

Director of Synovus Financial Corp, T. Michael Goodrich, bought 100,000 shares on 7/23/2013 at an average price of $3.27. Synovus Financial Corp was incorporated under the laws of the State of Georgia in 1972. Synovus Financial Corp has a market cap of $2.65 billion; its shares were traded at around $3.27 with a P/E ratio of 3.89 and P/S ratio of 2.64. The dividend yield of Synovus Financial Corp stocks is 1.22%.

On July 18, Synovus Financial Corp reported financial results for the quarter ended June 30, 2013. Pre-tax income increased to $72.9 million for the second quarter of 2013, up 56.6% from $46.6 million in the first quarter of 2013, and up 95.2% from $37.3 million in the second quarter of 2012. Net income available to common shareholders increased to $30.7 million for the second quarter of 2013, compared to $14.8 million for the first quarter of 2013 and $24.8 million for the second quarter of 2012.

Last week, Director Stephen T. Butler, Director J. Neal Purcell, Executive VP, Chief Risk Officer Mark G. Holladay, Director Catherine A. Allen, Director Joseph J. Prochaska Jr., and Chairman, CEO and President Kessel D. Stelling sold shares of SNV stock.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.

About the author:

guruek
Ockham Research is an independent equity research provider based in Atlanta, Georgia. Security analysis at Ockham Research is based upon the principle known as Ockham's Razor, named for the 14th-century Franciscan friar, William of Ockham. We utilize this straightforward approach to value over 5500 securities, with key emphasis given to the study of individual securities' price-to-sales, price-to-cash earnings and other historical valuation ranges. Please visit www.ockhamresearch.com for more information.

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