Investors Sell Shares of MercadoLibre SA (MELI) on Strength (MELI)
Traders sold shares of MercadoLibre SA (NASDAQ:MELI) on strength during trading hours on Wednesday. $34.84 million flowed into the stock on the tick-up and $56.37 million flowed out of the stock on the tick-down, for a money net flow of $21.53 million out of the stock. Of all stocks tracked, MercadoLibre SA had the 0th highest net out-flow for the day. MercadoLibre SA traded up $5.10 for the day and closed at $172.00
A number of equities analysts recently weighed in on MELI shares. Piper Jaffray Cos. increased their price target on MercadoLibre SA from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Goldman Sachs Group Inc. started coverage on MercadoLibre SA in a research report on Tuesday, August 9th. They issued a “neutral” rating and a $170.00 price target for the company. Zacks Investment Research lowered MercadoLibre SA from a “buy” rating to a “hold” rating in a research report on Saturday, May 21st. Finally, JPMorgan Chase & Co. increased their price target on MercadoLibre SA from $121.00 to $133.00 and gave the company a “neutral” rating in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $140.71.
The firm has a market capitalization of $7.60 billion and a PE ratio of 58.11. The company has a 50 day moving average price of $160.45 and a 200 day moving average price of $133.64.
MercadoLibre SA (NASDAQ:MELI) last released its earnings results on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by $0.23. The firm earned $199.60 million during the quarter, compared to the consensus estimate of $180.94 million. The firm’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Equities research analysts predict that MercadoLibre SA will post $2.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.35%.
In other news, Director A Michael Spence sold 3,451 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $168.97, for a total transaction of $583,115.47. Following the completion of the sale, the director now owns 6,903 shares in the company, valued at $1,166,399.91. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel Rabinovich sold 6,195 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $166.61, for a total value of $1,032,148.95. The disclosure for this sale can be found here.
MercadoLibre, Inc (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America.
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