Digital River: Major Funds Buying Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Digital River Inc. (NASDAQ:DRIV).

SEC data indicate that these institutions significantly increased their stock shares of Digital River Inc. in Q3 2011:

  • STANDARD PACIFIC CAPITAL LLC/CA: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,828,223 shares, worth $37,899,063.
  • COATUE MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 576,792 shares, worth $11,956,898.
  • EAGLE BOSTON INVESTMENT MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 102,355 shares, worth $2,121,819.
  • COBALT CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 100,000 shares, worth $2,073,000.

About the company: Digital River, Inc. provides comprehensive electronic commerce outsourcing solutions to software publishers and online retailers. The Company also provides data mining and merchandising services to assist clients in increasing Internet page view traffic to web sites.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Akamai Technologies, Inc. (NASDAQ:AKAM), EasyLink Services Intl. Corp. (NASDAQ:ESIC), PFSweb, Inc. (NASDAQ:PFSW), eBay Inc. (NASDAQ:EBAY), GSI Commerce, Inc. (NASDAQ:GSIC), Oracle Corporation (NASDAQ:ORCL), Premiere Global Services, Inc. (NYSE:PGI), Tier Technologies, Inc. (NASDAQ:TIER), and Symantec Corporation (NASDAQ:SYMC).

(Note: Data regarding Digital River Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet