The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases and buys in Real Time activity from Steven Cohen (Trades, Portfolio) and George Soros (Trades, Portfolio)
Steven Cohen (Trades, Portfolio)
Over the past week Steven Cohen (Trades, Portfolio) made a massive increase to his position in Gogo (GOGO). The guru upped his stake 3342.26% on March 5 by purchasing a total of 4,413,458 shares of the company’s stock. The guru bought these shares for approximately $24.35 per share, and since then the price per share is trading slightly down to $24.29 per share.
Cohen now holds on to 4,545,508 shares of the company’s stock, representing approximately 5.4% of the company’s shares outstanding. Cohen has held an off and on again position in Gogo since the third quarter of 2013.
Cohen’s historical holding history as of the close of the fourth quarter:
Gogo, through its subsidiaries, provides a suite of connectivity solutions and other services, including Passenger Connectivity, Passenger Entertainment, In-Flight Portal as well as Operations-Oriented Communications Services.
Gogo’s historical revenue and net income:
The analysis on Gogo reports that the company’s Piotroski F-Score is low, its inventory has been building up and its P/S ratio is near a 1-year high.
Gogo recently announced that they would be participating in Morgan Stanley’s Technology Media & Telecom conference.
The company also recently reported that they had surpassed 2,000 installations of its air-to-ground connectivity service—this all being done in under five years.
Gogo’s fourth quarter and full year 2013 earnings are set to be released on March 13, before market open.
Gogo has a market cap of $2.09 billion. Its shares are currently trading at around $24.80 with a P/S ratio of 7.30 and a P/B ratio of 7.10.
George Soros (Trades, Portfolio)
Over the past week George Soros (Trades, Portfolio) bought into a new company. Soros made his initial buy into the company Digital River (DRIV) by purchasing 2,476,303 shares of the company’s stock. He bought these shares at an average price of $17.97 per share. The price per share is now trading up about 1% to $18.11 per share.
Soros’s new position makes up for 7.23% of the company’s shares outstanding. The guru’s holding history of DRIV as of the close of the fourth quarter:
Digital River provides end-to-end global e-commerce and marketing solutions to a variety of companies in software, consumer electronics, computer games, video games, and other markets.
Digital River’s historical revenue and net income:
The analysis on Digital River reports that the company’s price is trading at near a 2-year high and its P/S ratio is trading at a 1-year high.
The company recently announced that on March 5 the company, in a privately-negotiated transaction, repurchased $150 million in aggregate principal amount of its 2% convertible senior notes due 2030 for $153.75 million in cash.
They also announced the GAAP EPS guidance for the first quarter and year which stated:
- First quarter 2014 GAAP EPS, ranging from a net loss of $0.31 to a net loss of $0.25 per share
- Full year 2014 GAAP EPS, ranging from a net loss of $0.59 to a net loss of $0.45 per share.
Digital River’s fourth quarter financial results highlighted a revenue of $101.2%, up 3% from last year, a break-even GAAP EPS from the fourth quarter 2012 and continued strong payments growth in the fourth quarter of 29% year over year.
Digital River has a market cap of $592.3 million. Its shares are currently trading at around $17.90 with a P/S ratio of 1.50 and a P/B ratio of 1.50.
Check out more guru real time picks here.
Try a free 7-day premium membership trial here.
