This week we saw an increase in insider sells coming from the
entertainment industry. The following three companies represent
the largest sells coming from two or more of their corporate
Virgin Media (
As the acquisition of Virgin Media is currently underway, the
company reported five large insider sells coming from corporate
executives. The five insiders consist of Director John Rigsby,
COO Andrew Barron, CEO Neil Berkett, Director Doreen Toben and
Chief CT&N Officer Paul Buttery.
Led by CEO Neil Berkett who sold the remaining 365,620 of his
shares, the five insiders sold a combined total of 560,334 shares
in the price range of $48.87 to $49.84. The corporate executives
raked in a massive total of $27,823,325 on these sells.
These sells come as Virgin Media is currently in the midst of
being acquired by Liberty Global (
CEO Neil Berkett will be replaced by Tom Mockridge in June as
Liberty Global's �15 billion takeover of Virgin Media
Virgin Media is a part of the entertainment and communications
business. It is a quad-play provider of broadband internet,
television, mobile phone and fixed line phone services that offer
a variety of entertainment and communications services to
residential and commercial customers throughout the U.K.
Despite the takeover of the company, Virgin Media will maintain
its brand and the merged company will have headquarters in the
UK, Amsterdam and the U.S. With this acquisition Liberty
Global/Virgin Media will be the largest cable and phone services
provider in the world.
warns that the dividend yield for the company is close to a
five-year low, that the per share revenue growth has slowed down
in the past year and that the P/S ratio is close to a five-year
high of 2.6.
VMED data by GuruFocus.com
In April, Guru Daniel Loeb commented on Liberty Global and its
takeover of Virgin Media. To read what he had to say about the
acquisition and merger of these two companies, click here.
There are currently nine gurus that hold a stake in Virgin Media
with Mario Gabelli and Jean-Marie Eveillard buying into the stock
this most recent quarter.
With its shares up 0.12%, VMED trades at $50.89.
Time Warner (
This week two insiders made large sells of their stake in Time
Executive VP and COO of Residential Services William Goetz sold
21,563 shares at $96.11 per share. Goetz brought in $2,072,420
with this sell. He still holds on to at least 9,904 shares of
President and COO Robert Marcus sold 68,505 shares this week. The
shares traded at an average price of $95.59. This raked in
$6,548,393 for Marcus. He still holds on to 47,179 shares of Time
These sells came as the price of the company is near a three-year
high of $100.60.
The GuruFocus analysis on Time Warner reports that the company
has issued $3.5 billion of debt in the past three years and that
the company's P/S ratio is close to a three-year high of 1.51.
Time Warner is a cable operator in the U.S. with technologically
advanced, well-clustered systems located mainly in five
geographic areas: New York, the Carolinas, Ohio, Southern
California and Texas.
The company recently announced senior management changes that
include current CFO, Irene Esteves, leaving the company and
Arthur Minson moving into the CFO position.
The company recently released its first quarter financials which
- � The operating income increase of 1.7% from the
first quarter of 2012 to $1.1 billion.
- � The net income attributable to shareholders is
at $401 million
- � The FCF decreased by 7.9% to $661 million.
- � The revenue increased 6.6% from first quarter
2012 to $5.5 billion.
The company has also increased their dividend yield to $0.65 per
share as of Jan. 31, 2013. The company has increased its
quarterly dividend annually since 2010.
TWC data by GuruFocus.com.
There are currently 13 gurus that hold shares of Time Warner.
With its shares up 0.1%, TWC trades at $98.04.
This past week three insiders have sold a total of 105,201 shares
of the company's stock. These shares traded at $209.63 each.
Totally the insiders brought in $22,053,285 with these sells.
These sells came as the price of the stock is sitting at a
Netflix is a provider of subscription service streaming movies
and TV episodes over the internet and sending DVDs by mail.
According to Alexa.com, Netflix.com currently ranks No. 100
globally and No. 22 in the U.S. Over the past few months page
views per user has declined by 5.5%, time-on-site has declined by
5% and the bounce rate has increased by 1%.
The company recently reported its first quarter earnings which
- � International membership growth of 1 million
- � Continued releases of TV shows that are for
Netflix members only
- � Net income of $3 million
- � Free Cash Flow of $-42 million
GuruFocus reports several warning signs for the company:
- � The per share revenue has slowed in the past
- � The gross margin has been in a long-term
decline of about 2.6% per year.
- � The operating margin has been in a five-year
decline of about 19.3% per year.
- � The P/S ratio is close to a one-year high of
Netflix's stock is quite expensive coming in at 530 times its
There are currently nine gurus that hold a stake in Netflix.
With its shares up 0.69% today, Netflix trades at $217.90.
To view all insiders making sells of their company's stock, click
here.About GuruFocus: GuruFocus.com tracks the stocks picks and
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