Hedge Fund and Insider Trading News: Nelson Peltz, Leon Cooperman, Howard Marks, Facebook Inc. (FB), Oppenheimer Holdings Inc (OPY), and More

Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $46.8 million of Shares (Guru Focus)
COB and CEO of Facebook Inc., Mark Zuckerberg, sold 251,200 shares of FB on 09/17/2019 at an average price of $186.48 a share. The total sale was $46.8 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.

A Director at Oppenheimer Holdings Inc (NYSE: OPY) is Selling Shares (Analyst Ratings)
Today, a Director at Oppenheimer Holdings Inc (OPY), Winn Oughtred, sold shares of OPY for $310.2K. Based on Oppenheimer Holdings Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $251 million and quarterly net profit of $12.38 million.

Snap Inc (SNAP) CFO Derek Andersen Sold $1 million of Shares (Guru Focus)
CFO of Snap Inc., Derek Andersen, sold 64,577 shares of SNAP on 09/18/2019 at an average price of $16.22 a share. The total sale was $1 million. Snap Inc is a camera application developer. Its main product is Snapchat, a camera application created to help people communicate through short videos and images. It also offers Spectacles, which are camera-enabled sunglasses.

SEC Halts Alleged $125 Million Offering Fraud (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against three individuals and three entities in connection with an alleged fraudulent, ongoing international trading program that has placed at risk more than $125 million of investor funds. According to the SEC’s complaint, beginning in March 2016, Mediatrix Capital Inc. and its three principals, Michael S. Young, Michael S. Stewart, and Bryant E. Sewall, induced investors to invest by falsely representing that their money would be invested using a highly profitable algorithmic trading strategy that had never experienced an unprofitable month and had returned more than 1,600% since inception.

A Director at Pennsylvania Real Estate Investment (NYSE: PEI) is Buying Shares (Analyst Ratings)
Yesterday, a Director at Pennsylvania Real Estate Investment (PEI), Charles Pizzi, bought shares of PEI for $53.3K. Following this transaction Charles Pizzi’s holding in the company was increased by 20.64% to a total of $304.6K. This is Pizzi’s first transaction since reporting a Sell transaction on PHH back in September 2017.