Key Points
- Director Stelleo Tolda sold 246 shares of MercadoLibre (MELI) on December 9 at an average price of $2,047.88, totaling $503,778.48, as disclosed in an SEC Form 4.
- MercadoLibre reported quarterly EPS of $8.32 (missing the $9.88 estimate) while revenue rose 39.5% to $7.41 billion; the stock trades near $2,020 with a market cap of $102.4 billion and a P/E of 49.29.
- Analysts carry a consensus rating of Moderate Buy with a $2,848.82 average target price, and institutional investors own about 87.62% of the company’s shares.
MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) Director Stelleo Tolda sold 246 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
MercadoLibre Price Performance
Shares of MELI stock opened at $2,019.81 on Friday. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $2,124.28 and a two-hundred day simple moving average of $2,319.98. The stock has a market capitalization of $102.40 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 1.41 and a beta of 1.42.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the firm earned $7.83 earnings per share. The business's revenue was up 39.5% compared to the same quarter last year. On average, analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on MELI shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of MercadoLibre in a research note on Friday, October 31st. UBS Group lowered their target price on MercadoLibre from $3,000.00 to $2,900.00 and set a "buy" rating for the company in a report on Monday, November 24th. BTIG Research reaffirmed a "buy" rating and set a $2,750.00 target price on shares of MercadoLibre in a research report on Thursday, December 4th. Dbs Bank raised MercadoLibre from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 2nd. Finally, Susquehanna decreased their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a "positive" rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus target price of $2,848.82.
Check Out Our Latest Analysis on MELI
Institutional Trading of MercadoLibre
Several hedge funds and other institutional investors have recently made changes to their positions in MELI. Capital Research Global Investors grew its stake in shares of MercadoLibre by 3.4% during the third quarter. Capital Research Global Investors now owns 1,816,092 shares of the company's stock worth $4,244,604,000 after acquiring an additional 59,838 shares during the last quarter. Capital World Investors boosted its stake in MercadoLibre by 1.3% in the 3rd quarter. Capital World Investors now owns 1,740,129 shares of the company's stock worth $4,067,194,000 after purchasing an additional 22,659 shares in the last quarter. Jennison Associates LLC boosted its stake in MercadoLibre by 7.0% in the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company's stock worth $3,228,460,000 after purchasing an additional 81,124 shares in the last quarter. Lavaca Capital LLC grew its position in MercadoLibre by 140,201.3% during the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company's stock worth $2,786,888,000 after purchasing an additional 1,065,530 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in MercadoLibre by 9.8% during the 3rd quarter. Schroder Investment Management Group now owns 572,726 shares of the company's stock valued at $1,432,565,000 after purchasing an additional 50,893 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.
About MercadoLibre
(
Get Free Report)
MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
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