Insiders Roundup: MercadoLibre, Discovery

Largest insider trades of the week

Author's Avatar
Jun 15, 2018
Article's Main Image

The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$2,000,000+” and the duration to “June 2018.” Set All Insider Sales to “$5,000,000+.”

According to these filters, company insiders made the following trades this week.

Meyer Malka, director of MercadoLibre Inc. (MELI, Financial), bought 49,978 shares for $298.89 per share on June 14.

The company hosts an online platform in Latin America to facilitate e-commerce and online auctions. It has a market cap of $13.47 billion and an enterprise value of $13.41 billion. It has an institutional ownership of 84.92% and insider ownership of 0.46%.

Over the past 12 months, the stock price has risen 16% and is currently 27.02% below its 52-week high and 40.51% above its 52-week low.

Macquarie Group Ltd., 10% owner of Macquarie Infrastructure Corp. (MIC, Financial), bought 130,569 shares for $41.58 per share on June 14.

The company owns and invests in a diversified group of infrastructure businesses. It has a market cap of $3.55 billion and an enterprise value of $7.3 billion. It has an institutional ownership of 72.26% and insider ownership of 0.74%.

Over the past 12 months, the stock price has fallen 46% and is currently 47.54% below its 52-week high and 15.22% above its 52-week low.

John C. Malone, director and 10% owner of Discovery Inc. (DISCA, Financial), bought 1,407,000 Class A shares for $23.44 per share on June 13.

The company, which provides entertainment programming across multiple distribution platforms, has a market cap of $12.84 billion and an enterprise value of $33.1 billion. It has an institutional ownership of 37.19% and insider ownership of 1.10%.

Over the past 12 months, the stock price has declined 4% and is currently 8.67% below its 52-week high and 59.47% above its 52-week low.

Most important insider sales

David J. Matlin, director of Flagstar Bancorp Inc. (FBC, Financial), sold 8,000,000 shares for $33.82 per share on June 14.

The bank holding company has a market cap of $2.05 billion and an enterprise value of $7.74 billion. It has an institutional ownership of 33.88% and insider ownership of 13.37%.

Over the past 12 months, the stock price has increased 15% and is currently 10.93% below its 52-week high 20.50% above its 52-week low.

Lilly Deng, vice president of legal and finance at iFresh Inc. (IFMK, Financial), and Long Deng, the company's chairman, CEO and chief operating officer, sold a combined 1,794,722 shares for $9.50 per share on June 14.

With a market cap of $82.34 million and an enterprise value of $99.31 million, the company provides food and other merchandise in mainstream grocery stores. It has an institutional ownership of 0.51% and insider ownership of 81.71%.

Over the past 12 months, the stock price has fallen 52% and is currently 67.83% below its 52-week high 25.32% above its 52-week low.

Trian Fund Management LP sold 2,278,939 shares of Sysco Corp. (SYY, Financial) for $66.14 per share on June 14.

The foodservice distributor has a market cap of $34.64 billion and an enterprise value of $42.9 billion. The company has an institutional ownership of 75.79% and insider ownership of 1.01%.

Over the past 12 months, the stock price has risen 22% and is currently 0.31% below its 52-week high and 36.09% above its 52-week low.

Disclosure: I do not own any stocks mentioned in this article.