MercadoLibre SA (MELI) Sets New 52-Week High at $188.13
MercadoLibre SA (NASDAQ:MELI)’s share price reached a new 52-week high during 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. The stock had previously closed at $173.68.
A number of research firms have recently commented on MELI. JPMorgan Chase & Co. upgraded MercadoLibre SA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $173.68 to $200.00 in a research note on Friday. Piper Jaffray Cos. restated an “overweight” rating and set a $185.00 price target on shares of MercadoLibre SA in a research note on Tuesday, August 30th. Goldman Sachs Group Inc. began 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. Finally, Zacks Investment Research lowered MercadoLibre SA from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. MercadoLibre SA currently has an average rating of “Hold” and an average target price of $150.29.
The company has a market cap of $8.22 billion and a P/E ratio of 62.89. The firm’s 50 day moving average price is $162.15 and its 200-day moving average price is $134.29.
MercadoLibre SA (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.23. The firm had revenue of $199.60 million for the quarter, compared to the consensus estimate of $180.94 million. MercadoLibre SA’s revenue was up 29.4% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. On average, analysts predict that MercadoLibre SA will post $2.69 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.60 annualized dividend and a yield of 0.32%.
In related news, VP Pedro Arnt sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were 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 in the company, valued at approximately $3,218,836.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Michael Spence sold 3,451 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were 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 of the company’s stock, valued at $1,166,399.91. 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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