Traders Sell MercadoLibre SA (MELI) on Strength (MELI)
Traders sold shares of MercadoLibre SA (NASDAQ:MELI) on strength during trading hours on Thursday. $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 companies 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 research analysts have commented on MELI shares. JPMorgan Chase & Co. upped their price target on MercadoLibre SA from $121.00 to $133.00 and gave the stock a “neutral” rating in a research note on Monday, May 16th. Zacks Investment Research cut MercadoLibre SA from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. Piper Jaffray Cos. restated a “buy” rating and set a $160.00 price target on shares of MercadoLibre SA in a research note on Friday, July 1st. Finally, Goldman Sachs Group Inc. started coverage on MercadoLibre SA in a research note on Tuesday, August 9th. They set a “neutral” rating and a $170.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $140.71.
The firm has a market cap of $7.67 billion and a P/E ratio of 58.68. The firm’s 50 day moving average price is $161.13 and its 200-day moving average price is $133.92.
MercadoLibre SA (NASDAQ:MELI) last released its earnings results on Thursday, August 4th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.23. The business had revenue of $199.60 million for the quarter, compared to analysts’ expectations of $180.94 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, equities analysts predict that MercadoLibre SA will post $2.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.60 annualized dividend and a yield of 0.35%.
In other news, VP Pedro Arnt sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $168.27, for a total transaction 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 approximately $3,218,836.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Rabinovich sold 6,195 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $166.61, for a total transaction 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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