Weekly CEO Sells Highlight: Cobalt Intl Energy, Mercadolibre Inc, Macys Inc, Prologis Inc

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Mar 07, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Cobalt Intl Energy, Mercadolibre Inc, Macys Inc, Prologis Inc

Cobalt Intl Energy (CIE, Financial): Chair. of the Board Dir. & CEO Joseph H Bryant sold 862,500 Shares

Chair. of the Board Dir. & CEO of Cobalt Intl Egy (CIE) Joseph H Bryant sold 862,500 shares on 02/29/2012 at an average price of $28. Cobalt International Energy, Inc., through its subsidiary Cobalt International Energy, L. Cobalt Intl Egy has a market cap of $12.48 billion; its shares were traded at around $30.23 .

Cobalt Intl Energy reported their 2011 fourth quarter results ended December 31. The Company reported net loss of $51 million.

Chair. of the Board Dir. & CEO Joseph H Bryant sold 862,500 shares of CIE stock on 02/29/2012. Chief Exploration Officer James W. Farnsworth, EVP, COO Van P. Whitfield, VP, Gov't and Public Affairs Lynne L. Hackedorn and EVP, Gulf of Mexico James H. Painter sold 138,819 shares of CIE stock in March.

Mercadolibre Inc (MELI, Financial): President and CEO, 10% Owner Marcos Galperin sold 750,000 Shares

President and CEO, 10% Owner of Mercadolibre In (MELI) Marcos Galperin sold 750,000 shares on 03/01/2012 at an average price of $98.5. MercadoLibre is the largest online trading platform in Latin America. Mercadolibre In has a market cap of $4.41 billion; its shares were traded at around $97.53 with a P/E ratio of 57.8 and P/S ratio of 14.8. The dividend yield of Mercadolibre In stocks is 0.3%. Mercadolibre In had an annual average earnings growth of 46.6% over the past 5 years.

Mercadolibre Inc reported their 2011 fourth quarter financial results. The Company reported net income or $21.6 million and consolidated net revenues of $86.5 million.

President and CEO, 10% Owner Marcos Galperin sold 750,000 shares of MELI stock on 03/01/2012 at the average price of 98.5. Director Anton J Levy sold 679,522 shares of MELI stock in November.

Macys Inc (M, Financial): Chairman, CEO and President Terry J Lundgren sold 500,000 Shares

Chairman, CEO and President of Macys Inc (M) Terry J Lundgren sold 500,000 shares on 02/29/2012 at an average price of $38. Federated Department Stores, through its subsidiaries, is one of the operators of full-line department stores in the United States. Macys Inc has a market cap of $16.08 billion; its shares were traded at around $38.24 with a P/E ratio of 13.4 and P/S ratio of 0.6. The dividend yield of Macys Inc stocks is 1%. Macys Inc had an annual average earnings growth of 1.2% over the past 10 years.

Macys Inc reported their 2011 fourth quarter results. The Company reported revenue of $8.7 billion and net income of $745 million.

Chairman, CEO and President Terry J Lundgren sold 500,000 shares of M stock on 02/29/2012 at the average price of 38. CFO Karen M Hoguet sold 152,000 shares of M stock from November to March. Chief Private Brand Officer Tim M Adams, Chief Merchandising Officer Jeffrey Gennette, Director Meyer Feldberg, EVP, Gen. Counsel & Secretary Dennis J Broderick and Chief Stores Officer Ronald L Klein sold 214,155 shares of M stock in February and March.

Prologis Inc (PLD, Financial): Co-CEO Walter C Rakowich sold 290,000 Shares

Co-CEO of Prologis Inc (PLD) Walter C Rakowich sold 290,000 shares on 02/24/2012 at an average price of $33.85. Prologis Incorporation is engaged in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. Prologis Inc has a market cap of $15.49 billion; its shares were traded at around $34.47 with a P/E ratio of 21.6 and P/S ratio of 10.1. The dividend yield of Prologis Inc stocks is 3.3%.

Prologis Inc reported their 2011 fourth quarter results. The Company reported operating income (loss) of $57.12 million and total revenue of $484.1 million.

Co-CEO Walter C Rakowich sold 290,000 shares of PLD stock on 02/24/2012 at the average price of 33.85. CFO William E Sullivan sold 73,244 shares of PLD stock in February.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.