MercadoLibre SA (MELI) Reaches New 12-Month High at $188.13
MercadoLibre SA (NASDAQ:MELI)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $188.13 and last traded at $184.71, with a volume of 1,052,696 shares traded. The stock had previously closed at $173.68.
MELI has been the subject of a number of recent research reports. Piper Jaffray Cos. reissued a “buy” rating and set a $160.00 price target on shares of MercadoLibre SA in a research report on Friday, July 1st. Goldman Sachs Group Inc. initiated coverage on shares of MercadoLibre SA in a research report on Tuesday, August 9th. They set a “neutral” rating and a $170.00 price target for the company. JPMorgan Chase & Co. raised shares of MercadoLibre SA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $173.68 to $200.00 in a research report on Friday. Finally, Zacks Investment Research lowered shares of MercadoLibre SA from a “buy” rating to a “hold” rating in a research report on Saturday, May 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $150.29.
The stock’s 50 day moving average price is $161.13 and its 200-day moving average price is $133.92. The company has a market cap of $8.12 billion and a PE ratio of 62.15.
MercadoLibre SA (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.23. The company earned $199.60 million during the quarter, compared to analysts’ expectations of $180.94 million. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the business earned $0.44 earnings per share. Equities analysts expect that MercadoLibre SA will post $2.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Wednesday, September 28th.
In related news, VP Pedro Arnt sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $168.27, for a total value of $504,810.00. Following the completion of the transaction, the vice president now directly owns 19,129 shares of the company’s stock, valued at $3,218,836.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Rabinovich sold 6,195 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were 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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