Weekly CEO Buys Highlight

Details the CEO buys this past week from the following companies: Tesla, Sarepta Therapeutics, Hasbro, PacWest Bancorp and Belden

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Nov 05, 2018
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Tesla CEO bought 29,844 shares

Tesla Inc. (TSLA, Financial) CEO and 10% Owner Elon Musk bought 29,844 shares on Oct. 29 at a price of $334.98. The price of the stock has increased by 3.41% since.

Tesla is a vertically integrated sustainable energy company. It designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components. The company has a market cap of $59.10 billion. Its shares traded at $346.41 as of Nov. 2.

Net income for the third quarter of 2018 was $254.67 million compared to net loss of $671.16 for the prior-year comparable period.

Sarepta Therapeutics CEO bought 16,695 shares

Sarepta Therapeutics Inc. (SRPT, Financial) President and CEO Douglas S. Ingram bought 16,695 shares on Oct. 30 at a price of $120.39. The price of the stock has increased by 21.25% since.

The biotechnology company, which uses proprietary RNA-targeted technology platforms for developing pharmaceutical products to address serious diseases, has a market cap of $9.74 billion. Its shares traded around $145.97 on Friday.

Net loss for the third quarter of 2018 was $76.4 million compared to a net loss of $47.7 million for the same quarter a year ago.

Executive Vice President, Chief Financial Officer and Chief Business Officer Sandesh Mahatme sold 107,524 shares on Oct. 24 at a price of $127.74. The price of the stock has increased by 14.27% since.

Director Hans Lennart Rudolf Wigzell sold 6,667 shares on Nov. 1 at a price of $140.50. The price of the stock has increased by 3.89% since.

Director M. Kathleen Behrens sold 10,000 shares on Oct. 31 at a price of $131.71. The price of the stock has increased by 10.83% since.

Hasbro CEO bought 11,000 shares

Hasbro Inc. (HAS, Financial) Chairman and CEO Brian Goldner bought 11,000 shares on Oct. 29 at a price of $91.80. The price of the stock has increased by 7.07% since

Hasbro provides children and family leisure time and entertainment products and services which include the manufacturing and marketing of games and toys. It reaches customers by leveraging its well-known brands such as Transformers, Monopoly and Nerf. The company has a market cap of $12.48 billion. Its shares traded at $98.29 with a price-earnings ratio of 59.71 as of Nov. 2.

Net earnings for the third quarter of 2018 were $263.9 million compared to $265.6 million for the third quarter of 2017.

PacWest Bancorp CEO bought 20,925 shares

PacWest Bancorp (PACW, Financial) CEO and President Matthew P. Wagner bought 20,925 shares on Oct. 29 at a price of $39.01. The price of the stock has increased by 6.51% since.

PacWest Bancorp is a bank holding company. It provides commercial banking services, including real estate, construction and commercial loans. The company has a market cap of $5.09 billion. Its shares traded at $41.55 with a price-earnings ratio of 12.08 as of Nov. 2.

Net earnings for the third quarter of 2018 were $116.3 million compared to net earnings for the second quarter of 2018, which were $115.7 million.

Director John M. Eggemeyer III bought 10,000 shares on Nov. 1 at a price of $41.23. The price of the stock has increased by 0.78% since.

Belden CEO bought 9,250 shares

Belden Inc. (BDC, Financial) Chairman, President and CEO John S. Stroup bought 9,250 shares on Nov. 1 at a price of $53.44. The price of the stock has increased by 2.81% since.

Belden is a part of the electronics components industry. Its range of solutions includes broadcast solutions, enterprise connectivity solutions, and industrial connectivity solutions. The company has a market cap of $2.23 billion. Its shares traded at $54.94 with a price-earnings ratio of 81.51 as of Nov. 2.

Net income for the third quarter was $85.9 million, an increase of $84.9 million from the prior-year period.

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.