Key Points
- Director Henrique Vasoncelos Dubugras sold 845 shares on December 12 at an average price of $2,028.14, totaling about $1.71 million, as disclosed in an SEC filing.
- In the latest quarter MercadoLibre missed EPS expectations ($8.32 vs. $9.88) but reported revenue of $7.41 billion, up 39.5% year-over-year, indicating strong top-line growth despite the earnings shortfall.
- MELI stock opened at $1,966.76 (down ~2.4%), has a market cap near $99.7 billion, and carries a consensus analyst rating of "Moderate Buy" with an average price target of about $2,848.82.
MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) Director Henrique Vasoncelos Dubugras sold 845 shares of the company's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MercadoLibre Stock Down 2.4%
MercadoLibre stock opened at $1,966.76 on Tuesday. The company's 50 day simple moving average is $2,117.39 and its 200 day simple moving average is $2,309.16. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The firm has a market capitalization of $99.71 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 1.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing the consensus estimate of $9.88 by ($1.56). The firm had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm's revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the company posted $7.83 EPS. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.
Institutional Trading of MercadoLibre
A number of hedge funds and other institutional investors have recently made changes to their positions in MELI. Capital Research Global Investors lifted its position in shares of MercadoLibre by 3.4% in the third quarter. Capital Research Global Investors now owns 1,816,092 shares of the company's stock valued at $4,244,604,000 after buying an additional 59,838 shares during the last quarter. Capital World Investors raised 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 valued at $4,067,194,000 after acquiring an additional 22,659 shares during the period. Jennison Associates LLC lifted its holdings in MercadoLibre by 7.0% during the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company's stock valued at $3,228,460,000 after purchasing an additional 81,124 shares during the last quarter. Lavaca Capital LLC boosted its position in MercadoLibre by 140,201.3% during the second 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 period. Finally, Schroder Investment Management Group increased its holdings in shares of MercadoLibre by 9.8% in the third 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 during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MELI has been the topic of several research analyst reports. UBS Group dropped their price objective on MercadoLibre from $3,000.00 to $2,900.00 and set a "buy" rating on the stock in a research note on Monday, November 24th. Wedbush increased their price target on MercadoLibre from $2,700.00 to $2,800.00 and gave the stock an "outperform" rating in a report on Thursday, October 30th. BTIG Research reiterated a "buy" rating and set a $2,750.00 price objective on shares of MercadoLibre in a report on Thursday, December 4th. Dbs Bank upgraded MercadoLibre from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 2nd. Finally, Citigroup dropped their target price on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a "buy" rating on the stock in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and an average target price of $2,848.82.
Check Out Our Latest Stock Analysis on MELI
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
