Shares of MercadoLibre SA (NASDAQ:MELI) were up 1.9% during mid-day trading on Wednesday . The stock traded as high as $170.76 and last traded at $170.05, with a volume of 230,496 shares traded. The stock had previously closed at $166.90.

Several analysts have recently issued reports on MELI shares. 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. started 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 on the stock. Zacks Investment Research cut shares of MercadoLibre SA from a “buy” rating to a “hold” rating in a research report on Saturday, May 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of MercadoLibre SA from $121.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $140.71.

The company has a market cap of $7.67 billion and a P/E ratio of 58.68. The company’s 50-day moving average is $161.13 and its 200 day moving average is $133.92.

MercadoLibre SA (NASDAQ:MELI) last announced its earnings results on Thursday, August 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.59 by $0.23. During the same period last year, the company posted $0.44 earnings per share. The firm earned $199.60 million during the quarter, compared to analyst estimates of $180.94 million. The firm’s revenue was up 29.4% compared to the same quarter last year. Equities research analysts anticipate that MercadoLibre SA will post $2.71 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, September 28th.

In related news, Director A Michael Spence sold 3,451 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $168.97, for a total value of $583,115.47. Following the completion of the sale, the director now directly owns 6,903 shares of the company’s stock, valued at approximately $1,166,399.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Pedro Arnt sold 3,000 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 19,129 shares of the company’s stock, valued at $3,218,836.83. 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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