Weekly Top Insider Sells: GOOG, FCX, GILD, P, OCN

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Dec 02, 2013
According to GuruFocus Insider Data, the largest insider sells during the past week were: Google Inc, Freeport-McMoRan Copper & Gold, Gilead Sciences Inc, Pandora Media Inc, and Ocwen Financial Corporation.

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



Google, Inc. (GOOG, Financial): Executive Chairman of Board Eric E Schmidt sold 46,315 Shares

Executive Chairman of Board of Google, Inc. (GOOG) Eric E Schmidt sold 46,315 shares during the past week at an average price of $1059.59.

Google, Inc. has a market cap of $354 billion; its shares were traded at around $1059.59 with a P/E ratio of 28.40 and P/S ratio of 6.05. Google, Inc. had an annual average earnings growth of 44.30% over the past 10 years. GuruFocus rated Google, Inc. the business predictability rank of 2.5-star.

Google Inc. has released its third quarter 2013 results ended September 30, 2013. Consolidated revenues for this quarter were $14.89 billion, an increase of 12% over the prior year quarter. GAAP operating income was $3.44 billion compared to $2.74 billion last year, and GAAP net income was $2.97 billion compared to $2.18 billion.

SVP & CFO Patrick Pichette, Director Ann Mather, and multiple other insiders have all also recently sold shares of GOOG stock.

Freeport-McMoRan Copper & Gold (FCX, Financial): Director Robert Day sold 839,500 Shares

Director of Freeport-McMoRan Copper & Gold (FCX) Robert Day sold 839,500 shares on Nov. 25 at an average price of $34.69.

Freeport-McMoran Copper & Gold has a market cap of $36.01 billion; its shares were traded at around $34.69 with a P/E ratio of 12.80 and P/S ratio of 1.75. The dividend yield of Freeport-McMoran Copper & Gold stocks is 3.60%.

Third quarter 2013 net income attributable to Freeport was $821 million ($0.79 per share), compared with net income of $824 million ($0.86 per share) in the third quarter of 2012. Operating cash flows were $1.9 billion this quarter.

Gilead Sciences Inc (GILD, Financial): President and COO John F Milligan sold 395,634 Shares

President and COO of Gilead Sciences Inc. (GILD) John F Milligan sold 395,634 shares on Nov. 21 at an average price of $74.81.

Gilead Sciences Inc. has a market cap of $114.71 billion; its shares were traded at around $74.81 with a P/E ratio of 40.90 and P/S ratio of 11.74. Gilead Sciences Inc. had an annual average earnings growth of 14.80% over the past 5 years.

Gilead Sciences has released its third quarter 2013 results. Total revenues were $2.78 billion, an increase from the $2.42 billion last year. Net income was $788.6 million compared to $675.5 million prior year quarter. Revenue and income growth was driven by increase in product sales over the year.

Chairman and CEO John C Martin sold 282,242 shares of GILD stock on 11/01/2013 at the average price of $70.83. EVP, Commercial Operations Kevin Young sold 75,000 shares of GILD stock on 11/22/2013 at the average price of $74.34. Other insiders have all also sold shares of GILD stock recently.

Pandora Media Inc (P, Financial): Director Peter Chernin sold 568,815 Shares

Director Peter Chernin sold 568,815 shares of P stock on Nov. 27 at the average price of $28.64. Peter Chernin owns at least 541,058 shares after this. The price of the stock has decreased by 0.84% since.

Pandora Media Inc has a market cap of $5.52 billion; its shares were traded at around $28.40 with and P/S ratio of 8.50.

Pandora recently posted a third quarter loss of $1.7 million ($0.01 per share), compared to a profit of $2.05 million ($0.01 per share) prior year quarter. Revenues grew 50% over last year to $181.6 million, with mobile advertising growing by 58%.

CTO, EVP Product Thomas Conrad, and Chief Revenue Officer John Trimble both also sold shares of P stock.

Ocwen Financial Corporation (OCN, Financial): Director Barry Wish sold 250,000 Shares

Director of Ocwen Financial Corporation (OCN) Barry N Wish sold 250,000 shares on Nov. 21 at an average price of $56.66.

Ocwen Financial Corporation has a market cap of $7.7 billion; its shares were traded at around $56.66 with a P/E ratio of 32.30 and P/S ratio of 4.57. Ocwen Financial Corporation had an annual average earnings growth of 4.80% over the past 10 years.

The company reported net income of $67 million ($0.44 per share) for the third quarter of 2013. Ocwen reported revenue increase of 128% over the prior year quarter.

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