Hedge Fund and Insider Trading News: David Einhorn, Chris Rokos, Ray Dalio, Steve Cohen, David Tepper, Elliott Management, Morgan Stanley (MS), Facebook Inc (FB), Zillow Group Inc (Z), and More

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The Chairman & President of Zillow Group Class C (NASDAQ: Z) is Selling Shares (Analyst Ratings)
Yesterday, the Chairman & President of Zillow Group (Z), Lloyd Frink, sold shares of Z for $43.04M. In addition to Lloyd Frink, 6 other Z executives reported Sell trades in the last month.

Meraki Global Advisors Hires Ex-Millennium Trader (Hedge Week)
Meraki Global Advisors has appointed David C Laub Jr as a senior trader in the New York office. Meraki’s client base has expanded among the tri-state multi-asset hedge fund community since the establishment of its New York outpost in April 2020, led by the firm’s Head of Business Development, Michael Ashby. Laub’s expertise across asset classes will further enhance the services Meraki provides to its sophisticated client base.

Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $17.3 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 62,250 shares of FB on 11/12/2020 at an average price of $277.26 a share. The total sale was $17.3 million. Facebook Inc is the world’s largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its products enable people to connect and share through mobile devices and personal computers.

David Tepper Trims His Major Tech Holdings and Bets Big on PG&E — Here are the Details (CNBC)
Billionaire David Tepper trimmed his positions in high flying tech stocks and made a big bet on a utility stock during the third quarter, according to a securities filing released Monday. Appaloosa Management, Tepper’s hedge fund, still had large positions in some of the biggest tech and telecom stocks at the end of September, according to the filing. However, Appaloosa’s biggest stake was in California utility company PG&E.

Cohen Taking Over Mets Further Ups the Ante for the Nats (NBC Sports)
Steve Cohen is so sure of his new Mets stewardship he has already done something most would advise against: he ramped up his Twitter account. Monday night he was engaging with fans on the dreadful platform. Questions ranged from the chances of George Springer ending up in Flushing to if someone who had 14 steak tacos in the last three days has a problem (presumably other than gout). Cohen blessed him with a pass for his egregious consumption.

Tuesday 11/17 Insider Buying Report: MS, TISI (Nasdaq.com)
On Thursday, Morgan Stanley’s Director, Hutham S. Olayan, made a $1.39M buy of MS, purchasing 25,000 shares at a cost of $55.40 a piece. So far Olayan is in the green, up about 4.7% on their buy based on today’s trading high of $58.02. Morgan Stanley is trading off about 0.6% on the day Tuesday. This buy marks the first one filed by Olayan in the past twelve months. And at TISI, there was insider buying on Sunday, by Director Louis A. Waters who purchased 50,000 shares at a cost of $8.10 each, for a trade totaling $405,000. TISI is trading up about 2.9% on the day Tuesday. Waters was up about 42.7% on the purchase at the high point of today’s trading session, with TISI trading as high as $11.56 at last check today.

Progyny Inc (PGNY) President and COO Peter Anevski Sold $1 million of Shares (Guru Focus)
President and COO of Progyny Inc, Peter Anevski, sold 33,043 shares of PGNY on 11/13/2020 at an average price of $30.38 a share. The total sale was $1 million. Progyny Inc has a market cap of $2.65 billion; its shares were traded at around $30.54 with and P/S ratio of 9.14.








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