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Examining Institutional Ownership at Adobe Systems Incorporated (NASDAQ:ADBE)According to Adobe Systems Incorporated’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 90.06%. The total amount of shares outstanding is 493.43 million, giving the company a market capitalization of about 96.95 billion.

There are 1,114 institutional holders with active positions, accounting for 443.95 million shares in total. Of those holders, 478 had increased positions amounting to 16.06 million shares, 474 had decreased positions amounting to 18.32 million shares, and 162 holders have a held position accounting for 409.58 million shares.

The top 5 institutional holders, in ascending order, are as follows: FMR LLC with 36.12 million shares, BLACKROCK INC. with 34.57 million shares, VANGUARD GROUP INC with 34.53 million shares, PRIMECAP MANAGEMENT CO/CA/ with 23.94 million shares, and STATE STREET CORP with 18.74 million shares.

According to Adobe Systems Incorporated (ADBE) most recent 13F filing, the company has 89 new institutional holders – accounting for 3.13 million shares of its common stock. There were 52 sold out positions, amounting to 1.16 million shares.

 

Source:
https://economicsandmoney.com/2018/01/18/the-latest-adobe-systems-incorporated-adbe-insider-trading-activity-2/

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Adobe Systems Incorporated (NASDAQ:ADBE) has seen its stock price gain 21.25, or +12.13%, so far in 2017. In the past 3-month period alone, shares of ADBE have appreciated +46.11 – or +30.66%. The stock’s 52-week range is $107.06 to $198.21, and its 3-month range is $149.03 to $198.21.

The average Wall Street analyst rating for Adobe Systems Incorporated is Strong Buy, according to the average of 24 analyst scores. Of those analysts, 17 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for Adobe Systems Incorporated

Taking a look at insider trading at Adobe Systems Incorporated (NASDAQ:ADBE) can give useful insight into how the stock is performing. Adobe Systems Incorporated has had 11 insider trades in the last 3 months, including 1 open market buys and 10 sells. Of those insider trades, 1,125 shares of Adobe Systems Incorporated were purchased and 90,282 shares were sold. The total number of shares traded in the last 90-day period is 91,407.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 52 insider trades, including 3 open market buys and 49 sells. Of those transactions, there were 28,926 shares of ADBE bought and 1.2 million shares sold. The total number of shares traded in the last 12 months is 1.23 million.

The most recent open market insider trade was Sell of 21,276 shares on a day where the closing price was 186.41. The insider, GESCHKE CHARLES M, now holds 172,024 shares of ADBE.

The most recent non open market insider trade was completed by BURGESS ROBERT K on 01/09/2018, and was a disposition of 25,930 shares with a final price of $186.7. The insider now holds 1,620 shares of Adobe Systems Incorporated (ADBE).

Source:
https://economicsandmoney.com/2018/01/18/the-latest-adobe-systems-incorporated-adbe-insider-trading-activity-2/

Examining Institutional Ownership at The Walt Disney Company (NYSE:DIS)According to The Walt Disney Company’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 61.96%. The total amount of shares outstanding is 1.52 billion, giving the company a market capitalization of about 170.03 billion.

There are 1,975 institutional holders with active positions, accounting for 933.42 million shares in total. Of those holders, 810 had increased positions amounting to 55.9 million shares, 961 had decreased positions amounting to 73.5 million shares, and 204 holders have a held position accounting for 804.02 million shares.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 102.16 million shares, BLACKROCK INC. with 88.56 million shares, STATE STREET CORP with 67.38 million shares, STATE FARM MUTUAL AUTOMOBILE INSURANCE CO with 42.21 million shares, and MORGAN STANLEY with 25.64 million shares.

According to The Walt Disney Company (DIS) most recent 13F filing, the company has 74 new institutional holders – accounting for 2.75 million shares of its common stock. There were 112 sold out positions, amounting to 13.48 million shares.

 

Source

https://economicsandmoney.com/2018/01/18/what-is-insider-trading-activity-like-at-the-walt-disney-company-dis/

The Walt Disney Company (NYSE:DIS) has seen its stock price gain 4.46, or +4.15%, so far in 2017. In the past 3-month period alone, shares of DIS have appreciated +13.61 – or +13.84%. The stock’s 52-week range is $96.20 to $116.10, and its 3-month range is $96.89 to $113.19.

The average Wall Street analyst rating for The Walt Disney Company is Hold, according to the average of 16 analyst scores. Of those analysts, 6 rate stock as a Strong Buy, 8 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for The Walt Disney Company

Insider trading activity is a great indicator of how a stock is performing, so let’s take a look at The Walt Disney Company (NYSE:DIS). The Walt Disney Company has had 34 insider trades in the last 3 months, including 11 open market buys and 23 sells. Of those insider trades, 7,039 shares of The Walt Disney Company were purchased and 87,756 shares were sold. The total number of shares traded in the last 90-day period is 94,795.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 80 insider trades, including 43 open market buys and 37 sells. Of those transactions, there were 26,667 shares of DIS bought and 1.02 million shares sold. The total number of shares traded in the last 12 months is 1.04 million.

The most recent open market insider trade was Option Execute of 2,333 shares on a day where the closing price was 110.13. The insider, MAYER KEVIN A, now holds 67,243 shares of DIS.

The most recent non open market insider trade was completed by ARNOLD SUSAN E on 12/31/2017, and was a acquisition of 547 shares with a final price of $109.63. The insider now holds 44,253 shares of The Walt Disney Company (DIS).

Source

https://economicsandmoney.com/2018/01/18/what-is-insider-trading-activity-like-at-the-walt-disney-company-dis/

American Express Company (NYSE:AXP) has seen its stock price gain 1.45, or +1.46%, so far in 2017. In the past 3-month period alone, shares of AXP have appreciated +9.07 – or +9.89%. The stock’s 52-week range is $75.39 to $102.39, and its 3-month range is $90.04 to $102.39.

The average Wall Street analyst rating for American Express Company is Hold, according to the average of 19 analyst scores. Of those analysts, 6 rate stock as a Strong Buy, 12 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for American Express Company

Taking a look at insider trading at American Express Company (NYSE:AXP) can give useful insight into how the stock is performing. American Express Company has had 15 insider trades in the last 3 months, including 0 open market buys and 15 sells. Of those insider trades, 0 shares of American Express Company were purchased and 525,602 shares were sold. The total number of shares traded in the last 90-day period is 525,602.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 65 insider trades, including 17 open market buys and 48 sells. Of those transactions, there were 388,645 shares of AXP bought and 1.9 million shares sold. The total number of shares traded in the last 12 months is 2.29 million.

The most recent open market insider trade was Sell of 12,789 shares on a day where the closing price was 99.43. The insider, BUSH JAMES PETER, now holds 87,715 shares of AXP.

The most recent non open market insider trade was completed by CHENAULT KENNETH I on 12/14/2017, and was a disposition of 5,087 shares with a final price of $0. The insider now holds 1.08 million shares of American Express Company (AXP).

Examining Institutional Ownership at American Express Company (NYSE:AXP)

According to American Express Company’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 83.73%. The total amount of shares outstanding is 866.02 million, giving the company a market capitalization of about 87.26 billion.

There are 1,348 institutional holders with active positions, accounting for 726.81 million shares in total. Of those holders, 479 had increased positions amounting to 22.53 million shares, 598 had decreased positions amounting to 29.68 million shares, and 271 holders have a held position accounting for 674.6 million shares.

The top 5 institutional holders, in ascending order, are as follows: BERKSHIRE HATHAWAY INC with 151.61 million shares, VANGUARD GROUP INC with 50.02 million shares, BLACKROCK INC. with 42.31 million shares, STATE STREET CORP with 39.18 million shares, and DODGE & COX with 26.88 million shares.

According to American Express Company (AXP) most recent 13F filing, the company has 94 new institutional holders – accounting for 3.24 million shares of its common stock. There were 49 sold out positions, amounting to 2.73 million shares.

 

Source:
https://economicsandmoney.com/2018/01/18/american-express-company-axp-insider-trading-and-ownership-analysis/

Litecoin founder Charlie Lee has come forward to deny recent allegations, accusing the former Google engineer of engaging in LTC insider trading on Coinbase during the time he served as a director of engineering at the popular exchange desk.

In a Medium post from yesterday, independent cryptocurrency sleuth Bitfinex’ed – better known for their extensive criticism of exchange desk Bitfinex and its shady ties to cryptocurrency firm Tether – speculated the reason behind Lee’s recent decision to dump all of his Litecoin wasn’t to avoid “conflict of interest.” Instead, it was to benefit from the currency’s sudden surge in price.

Bitfinex’ed goes on to suggests that Lee was involved in an elaborate scheme to get Litecoin listed on Coinbase and its close associate, exchange desk GDAX – a move that would see the ex-Googler cash out his LTC holdings following a 9,150-percent increase in value.

The independent investigator further insists that – prior to integrating Litecoin trading on Coinbase on May 3 last year – Lee had already been exploiting his position at the company to advance his own undertaking.

For background, Lee eventually left the popular exchange desk to focus on Litecoin a month after LTC appeared on Coinbase.

The Bitfinex’ed post has since prompted Lee to respond to the accusations, defending his decision to keep his engineering role at Coinbase while working on Litecoin.

“I saw this FUD article recently, and I figure I should refute it before it gets spread as truth,” the former Googler wrote in a Reddit post. “I’ve already seen many people say that it proves something.”

“I joined Coinbase in 2013 as the [second] engineer and helped build Coinbase to become what it is today,” Lee continued. “I didn’t just join them last year, get them to add Litecoin, and quit! I took [three] years before I felt like it made sense business-wise to add Litecoin to Coinbase.”

Responding to claims of collusion with Coinbase CEO and founder Brian Armstrong, Lee said that he pitched the idea to integrate Litecoin at the same time he broached adding Ethereum. The latter ultimately made it to the exchange platform first.

“When it made sense, LTC was added to GDAX because LTC was the top-[three] trading volume of any coins at that time,” Lee added. “And when GDAX started doing huge volume for LTC, I asked Brian if it made sense for Coinbase to add LTC in that tweet.”

“He said yes, and that was when the decision was made.”

The Litecoin founder further clarified that his departure from Coinbase was announced ahead of time. “The whole company knew already months before the decision was made to add Litecoin,” he said.

Curiously, Coinbase has recently been embroiled in a series of insider trading scandals.

Shortly after Bitcoin Cash made its debut on the exchange desk, its price saw an exorbitant surge on Coinbase; many cryptocurrency enthusiasts speculated the reason for the sudden increase in value could’ve been due to insider trading.

Indeed, Armstrong later confirmed the company is running an internal investigation to determine whether there was any foul play. The company has since chalked up the price increase to “extreme buyer demand.”

More recently, Coinbase had to dispel news that cryptocurrency Ripple (XRP) might soon make its way on the platform, following rumors that employees were chatting about integrating XRP at the company’s Christmas party.

“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase,” the post read. “Any statement to the contrary is untrue and not authorized by the company.”

While cryptocurrency companies are technically not yet regulated for insider trading, authorities across the globe are gradually moving towards introducing new legislation.

This could spell a whole lot of trouble for Coinbase – or any other cryptocurrency company possibly engaging in illegitimate activities.

Source:
https://thenextweb.com/hardfork/2018/01/11/litecoin-charlie-lee-coinbase-trading/

Former professional baseball player Doug DeCinces reportedly testified this week in the second trial of the friend and neighbour James Mazzo, the former Advanced Medical Optics CEO accused of insider trading ahead of Abbott‘s (NYSE:ABT) $2.8 billion AMO acquisition in 2009.

Federal prosecutors in 2014 accused Mazzo of tipping former Orioles and Angels player DeCinces about the upcoming merger (Abbott sold the business to Johnson & Johnson (NYSE:JNJ) for $4.33 billion last year). DeCinces allegedly passed that information on to former teammate Eddie Murray, who later agreed to settle his case for $358,000 but admitted no wrongdoing; DeCinces agreed in 2011 to pony up $2.5 million (but admitted no guilt) to settle similar charges leveled by the SEC and was found guilty of insider trading in May 2017.

Judge Andrew Guilford of the Central California court initially declared a mistrial in Mazzo’s case after a jury deadlocked on the charges against him. But that jury also convicted DeCinces and a business associate on charges of tender offer fraud, despite deadlocking on other charges against DeCinces and all of the charges against Mazzo.

Mazzo, now global ophthalmology president at Carl Zeiss Meditec (ETR:AFX) after a 3-year run as president and CEO at AcuFocus, had argued that there is “no evidence” of him “lying, cheating, or hiding anything.”

After failing to win a bid for dismissal of the second case brought against him last year, Mazzo went to trial again in the California Central court.

In yesterday’s testimony DeCinces confirmed that he bought AMO on Jan. 5, 2009, a day after meeting Mazzo for dinner, according to the LA Times.

After the meal, DeCinces said Mazzo asked if he was comfortable with how much AMO stock he owned.

“Very comfortable,” DeCinces said he replied. “‘This is a once-in-a-lifetime opportunity,’” Mazzo responded, according to DeCinces.

“As we were leaving, [Mazzo] mouthed the words, ‘Buy more,’” DeCinces said, according to the newspaper. “Based on what I heard the night before, I felt like I did not have enough stock.”

Mazzo’s attorney, Richard Marmaro, then questioned DeCinces’ credibility based on his own trial last year.

“When your lawyer said that Mr. Mazzo never provided insider information, was that the truth?” Marmaro asked DeCinces.

“No,” DeCinces answered.

“Was your attorney not acting without your authorization?” the defense lawyer asked.

“I cannot control what my attorney says,” DeCinces replied, adding that he was “very worried” after making the trades, the paper reported.

“I felt I made a huge mistake,” he said. “At that point, there was nothing I could do to take it back.”

Source:
https://www.massdevice.com/ex-baseball-pro-decinces-testifies-insider-trading-trial/

A former governor of Sri Lanka’s central bank has been accused of insider trading by a damning presidential report into a high-profile bond scandal that cost the island millions.

The long-awaited inquiry recommended the state recover a $4.4 million loss caused by the actions of then bank chief Arjuna Mahendran in 2015.

He leaked sensitive information to his son-in-law Arjun Aloysius, a bond trader, according to the report released Wednesday by the president’s office following an 11-month investigation.

“Mr. Mahendran acted wrongfully, improperly, mala fide, fraudulently and in gross breach of his duties as governor of the CBSL (Central Bank of Sri Lanka),” it said. Mahendran was sacked in 2016.

The scandal has deepened acrimony between President Maithripala Sirisena and his coalition partner Prime Minister Ranil Wickremesinghe, who handpicked Mahendran to head the central bank.

Sirisena has publicly accused Wickremesinghe’s United National Party (UNP) of being more corrupt than the previous regime they toppled together in 2015 after cobbling together an alliance.

The allies ended the 10-year rule of strongman president Mahinda Rajapakse, whose regime had been accused of graft and nepotism, but the bond scandal has shaken the union and damaged their promise of clean governance.

Sri Lanka’s parliament ordered an investigation after legislators’ private phone records were leaked to the presidential commission looking into the scandal.

The commission denied tapping phones, as Sirisena blasted politicians from his own coalition for frustrating the probe.

Sections of the 1,154-page report released a fortnight ago recommended prosecuting Ravi Karunanayake, finance minister at the time of the scandal, for graft and perjury over his links with Aloysius.

He resigned as foreign minister in August last year after his association with the controversial bond dealer went public.

The investigation also recommended a forensic audit of the central bank during the Rajapakse era, saying insider trading had also occurred under his rule.

Source:

http://www.dailymail.co.uk/wires/afp/article-5283601/Former-Sri-Lanka-bank-chief-engaged-insider-trading-probe.html

WHITE-COLLAR crime is still a “major problem” with only 12 insider traders convicted in the past five years despite strong indications of foul play.

Buying or selling shares after receiving confidential tips can carry a seven-year jail term

An investigation by The Times reveals that a large number of investors could potentially be saving millions of pounds by benefiting from insider tips about FTSE-listed companies.

Analysis by the newspaper showed that the share price of the company issuing a profit warning fell in 67 per cent of the cases on the day before the warning.

This suggests that a number of investors were offloading shares ahead of the bad news – potentially saving tens of millions of pounds.

Likewise, on the day before a takeover announcement the share price increased in 70 per cent of cases – again suggesting investors were being tipped off and buying ahead of the good news.

Buying or selling shares after receiving confidential and market sensitive information can carry a seven-year jail term, but there have been only very few convictions despite the number of investigations doubling since 2013.

A Freedom of Information request by The Times showed the Financial Conduct Authority (FCA) had prosecuted eight cases of insider trading in the past five years and secured 12 convictions.

In contrast, the Department for Work and Pensions prosecuted or penalised more than 10,000 benefit fraudsters last year.

But the City only employed 63 full-time staff to work on insider trading investigations – compared to the 4,000 strong staff investigating benefit fraud for the Department of Work and Pensions.

Experts believe the opportunistic crime can be facilitated by encrypted message services or “burner” mobile phones.

There are also thought to be organised rings who systematically leak information to websites and newspapers – meaning criminals can cite the article as the reason for their trading activity if they get caught out.

Mark Dampier, research director at the investment broker Hargreaves Lansdown, said: “Given the scale of regulation nowadays these figures are really surprising and suggest insider dealing is still a major problem.

“Thirty years ago it was almost seen as a perk of the job but times have changed as understanding has grown about how it damages confidence in the markets.
“Getting the evidence to launch a prosecution is not easy but you have to wonder whether the regulator has been distracted since the financial crisis.”

Source:

https://www.thesun.co.uk/news/5375794/white-collar-crime-fca-convictions-jail/

Morgan Stanley (NYSE:MS) has seen its stock price gain 2.88, or +5.49%, so far in 2017. In the past 3-month period alone, shares of MS have appreciated +6.23 – or +12.68%. The stock’s 52-week range is $40.06 to $55.98, and its 3-month range is $47.42 to $55.98.

The average Wall Street analyst rating for Morgan Stanley is Hold, according to the average of 14 analyst scores. Of those analysts, 6 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for Morgan Stanley

Taking a look at insider trading at Morgan Stanley (NYSE:MS) can give useful insight into how the stock is performing. Morgan Stanley has had 9 insider trades in the last 3 months, including 5 open market buys and 4 sells. Of those insider trades, 5,667 shares of Morgan Stanley were purchased and 78,850 shares were sold. The total number of shares traded in the last 90-day period is 84,517.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 63 insider trades, including 28 open market buys and 35 sells. Of those transactions, there were 891,158 shares of MS bought and 1.54 million shares sold. The total number of shares traded in the last 12 months is 2.44 million.

The most recent open market insider trade was Sell of 25,000 shares on a day where the closing price was 50. The insider, HOTSUKI KEISHI, now holds 207,270 shares of MS.

The most recent non open market insider trade was completed by BOWLES ERSKINE B on 11/22/2017, and was a acquisition of 1,303 shares with a final price of $49.25. The insider now holds 160,335 shares of Morgan Stanley (MS).

Examining Institutional Ownership at Morgan Stanley (NYSE:MS)

According to Morgan Stanley’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 86.61%. The total amount of shares outstanding is 1.81 billion, giving the company a market capitalization of about 100.10 billion.

There are 991 institutional holders with active positions, accounting for 1.57 billion shares in total. Of those holders, 408 had increased positions amounting to 46.97 million shares, 415 had decreased positions amounting to 56.18 million shares, and 168 holders have a held position accounting for 1.46 billion shares.

The top 5 institutional holders, in ascending order, are as follows: MITSUBISHI UFJ FINANCIAL GROUP INC with 432.02 million shares, STATE STREET CORP with 150.95 million shares, PRICE T ROWE ASSOCIATES INC /MD/ with 122.96 million shares, BLACKROCK INC. with 106.04 million shares, and VANGUARD GROUP INC with 94 million shares.

According to Morgan Stanley (MS) most recent 13F filing, the company has 82 new institutional holders – accounting for 8.2 million shares of its common stock. There were 67 sold out positions, amounting to 2.82 million shares.

Source:

https://economicsandmoney.com/2018/01/18/a-glimpse-into-insider-trading-and-ownership-at-morgan-stanley-ms-4/

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