Explosive Insider Trading Activity at LendingClub Corporation (LC), Electronic Arts Inc. (EA) & Others

Moving on to the companies that have seen insider selling activity recently. Google Inc. (NASDAQ:GOOG) had one of its co-founders selling shares, as Larry Page reported selling 16,166 Class A shares and 16,164 Class C shares on August 20, remaining with 75,000 Class A shares and 21.83 million Class C shares. Moreover, Mr. Page has been selling shares for the last couple of weeks. Google is currently in the process of pursuing an overhaul of its corporate structure and will soon become a new holding company called Alphabet, which will be under the stewardship of CEO Larry Page. As a result, each current shareholder of Google will get one Alphabet share for each share previously-owned. Andreas Halvorsen’s Viking Global reported owning 2.74 million Class A shares and 1.15 million Class C shares of Google in its most recent 13F filing.

Finally, Electronic Arts Inc. (NASDAQ:EA), an American developer of video games, has also seen strong insider selling activity lately. Gabrielle Toledano, the executive vice president and chief talent officer of Electronic Arts, sold 3,511 shares in multiple transactions on August 20 at prices between $68.24 and $70.92. Subsequently, Mr. Toledano currently owns 108,269 shares. The stock of Electronic Arts has gained over 40% this year, and it seems that the company’s insiders are cashing out their positions. However, the holiday season, which is the most flourishing quarter for the gaming industry, is still ahead. Moreover, analysts at PricewaterhouseCoopers have recently suggested that the gaming industry will keep growing at least by the end the decade. Specifically, the analysts anticipate that the global gaming revenue will increase by 5.8% per year until 2019. From the pool of hedge funds that we track, Philippe Laffont’s Coatue Management is the largest shareholder of Electronic Arts Inc. (NASDAQ:EA) with a stake of 5.75 million shares.

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