Key Points
- Director Emiliano Calemzuk sold 45 shares of MercadoLibre on Dec. 11 at an average price of $2,027.37 for $91,231.65, reducing his ownership by 14.9% to 257 shares (valued at ~$521,034); the sale was disclosed in an SEC filing.
- In its most recent quarter MercadoLibre missed EPS expectations ($8.32 vs. $9.88) but reported revenue of $7.41 billion, up 39.5% year‑over‑year.
- Shares trade around $2,016 with a market cap of ~$102.2 billion and a PE of ~49; analysts’ consensus is a "Moderate Buy" with an average price target of $2,848.82 and several firms recently raising targets.
MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
MercadoLibre Stock Performance
Shares of MELI stock opened at $2,015.89 on Friday. 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 firm has a fifty day simple moving average of $2,121.14 and a two-hundred day simple moving average of $2,316.57. The firm has a market capitalization of $102.21 billion, a PE ratio of 49.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22.
MercadoLibre (NASDAQ:MELI - Get Free Report) last posted 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 return on equity of 39.03% and a net margin of 7.93%.The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter last year, the company posted $7.83 earnings per share. The firm's revenue for the quarter was up 39.5% on a year-over-year basis. Analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
Institutional Investors Weigh In On MercadoLibre
Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after buying an additional 13 shares during the last quarter. Twin Tree Management LP purchased a new position in MercadoLibre during the first quarter worth about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre in the 2nd quarter valued at about $29,000. Saudi Central Bank purchased a new position in shares of MercadoLibre during the first quarter worth about $35,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of MercadoLibre in the third quarter worth approximately $35,000. 87.62% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Barclays lifted their target price on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an "overweight" rating in a research note on Thursday, October 30th. Wedbush lifted their price objective on MercadoLibre from $2,700.00 to $2,800.00 and gave the company an "outperform" rating in a research report on Thursday, October 30th. Dbs Bank upgraded shares of MercadoLibre from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 2nd. Susquehanna decreased their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a "positive" rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of MercadoLibre in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,848.82.
Read Our Latest Report on MercadoLibre
MercadoLibre Company Profile
(
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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