Weekly Insider Sells: Medivation, JPMorgan Chase, Stryker, Sabre

Top insiders make large sales of stock

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Jan 26, 2016
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According to GuruFocus Insider Data, the largest insider sells during the past week were: Medivation Inc. (MDVN, Financial), JPMorgan Chase & Co. (JPM, Financial), Stryker Corporation (SYK, Financial) and Sabre Corp. (SABR, Financial).

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

Medivation: Director Clarence Patrick Machado sold 75,000 shares

Clarence Patrick Machado sold 75,000 shares on Jan. 19 at the average price of $36.57.

Medivation has a market cap of $5.99 billion; its shares were traded at around $36.57 with a P/E ratio of 25.34 and P/S ratio of 7.60.

In the company’s third quarter of 2015, Medivation generated GAAP net income of $79.5 million, or 47 cents per diluted share, compared with GAAP net income of $78 million, or 48 cents per diluted share for the same period in 2014. Medivation reported third quarter 2015 collaboration revenue of $260.7 million, up 30% over the prior-year quarter.

JPMorgan Chase: Managing Director Mary E. Erdoes sold 49,349 shares

Mary E. Erdoes sold 49,349 shares on Jan. 20 at an average price of $55.66.

JPMorgan Chase has a market cap of $204.89 billion; its shares were traded at around $55.66 with a P/E ratio of 9.46 and a P/S ratio of 2.25. The dividend yield of JPMorgan Chase stocks is 3.09%. The company had an annual average earnings growth of 9.20% over the past 10 years.

JPMorgan Chase reported third-quarter 2015 net income of $6.8 billion on revenue of $23.5 billion. EPS for the quarter were $1.68, which compares to EPS of $1.54 in the third quarter a year ago. Return on tangible common equity was 15% for this period.

Managing Director Douglas B. Petno sold 10,566 shares of JPMorgan Chase stock on Jan. 20 at the average price of $55.71.

Stryker Corporation: Director Ronda E. Stryker sold 24,000 shares

Ronda E. Stryker sold 24,000 shares during the past week at an average price of $94.41.

Stryker Corporation has a market cap of $35.45 billion; its shares were traded at around $94.41 with a P/E ratio of 30.67 and a P/S ratio of 3.66. The dividend yield of Stryker Corporation stocks is 1.50%, and the company had an annual average earnings growth of 5.90% over the past 10 years.

Stryker had third quarter 2015 year-over-year net sales growth of 1.3% to $2.4 billion. Adjusted diluted EPS for this period improved 8.7% to $1.25. The company has recently announced preliminary fourth-quarter 2015 net sales growth of 3.7% to $2.7 billion.

Stryker sold 12,000 shares of Stryker stock on Jan. 21 at the average price of $90.26. Stryker owns at least 25,287,274 shares.

Sabre: Vice Chair Gregory T. Webb sold 51,002 shares

Gregory T. Webb sold 51,002 shares on Jan. 20 at an average price of $25.31.

Sabre has a market cap of $7.02 billion; its shares were traded at around $25.31 with a P/E ratio of 15.20 and a P/S ratio of 2.48. The dividend yield of Sabre stocks is 1.43%.

For its third quarter of 2015, Sabre released results including revenue up 16.7% to $785.0 million and income from continuing operations up 198% to $123.0 million. Adjusted EPS for the period was 29 cents, up 26.1% over the prior-year quarter.

CEO, President Thomas Klein and multiple other insiders have also recently sold shares of Sabre stock.

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