Notable Stocks Roundup: Mercadolibre Inc (NASDAQ:MELI), Home Bancshares Inc (NASDAQ:HOMB)

On Monday, Shares of Mercadolibre Inc (NASDAQ:MELI), subtract -1.58% and closed at $153.50 in the last trading session. The last trading range of the stock ranges between $150.14 and $158.39. MercadoLibre, Inc. (MELI) Latin America’s leading e-commerce technology company, recently stated financial results for the three month period ended September 30, 2016.

Pedro Arnt, Chief Financial Officer of Mercado Libre, Inc., commented, “We continue to make progress in expanding our improved marketplace vision across all our geographies, as we grow the adoption of our payments, credit and shipping solutions in our marketplaces. More importantly, as a consequence of this, we have been able to sustain high growth rates in our trading volume, revenue, and customer satisfaction metrics”

Third Quarter 2016 Business Highlights

MercadoPago had an exceptional quarter, processing $2,114.0 million dollars in Total Payment Volume for the first time in Mercado Libre’s history and surpassing its core marketplace Gross Merchandise Volume. Total Payment Transactions through MercadoPago were 36.8 million, a 67.6% increase year over year.

Gross Merchandise Volume was $2,040.2 million, a 10.8% increase in USD and 45.9 % increase in local currencies. Apart From Venezuela, Gross Merchandise Volume grew 39.3% on an FX neutral basis. Items sold during the third quarter of 2016 raised to 47.6 million, a 40.0 % increase year-over-year. Brazil and Mexico were the highlights of the quarter, as items sold year on year growth accelerated to 61% and 33% respectively.

Home Bancshares Inc (NASDAQ:HOMB), jumped 1.79% and closed at $25.30 in the last trading session. The last trading range of the stock ranges between $24.96 and $26.07. The company’s Market capitalization is $3.63 Billion with the total Outstanding Shares of 140.44 million. Home BancShares, Inc. (HOMB) (“Home” or “the Company”), parent company of Centennial Bank, (“Centennial”), and Giant Holdings, Inc. (“GHI”), parent company of Landmark Bank, N.A. (“Landmark”), headquartered in Ft. Lauderdale, Florida, recently declared the signing of a definitive agreement and plan of merger for Home to acquire GHI. Under the terms of the agreement, GHI will merge into Home, Landmark will merge into Centennial, and shareholders of GHI will receive proceeds from the transaction of about $88.5 million, consisting of $18.5 million in cash and $70.0 million of Home common stock.

GHI presently operates six branch locations in the Ft. Lauderdale area.  As of September 30, 2016, GHI had about $463.0 million in total assets, $335.2 million in loans, and $368.2 million in deposits. Upon completion of the acquisition, the Company will have about $10.2 billion in total assets.

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