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 equities 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 analysts recently issued reports on the company. Goldman Sachs Group Inc. assumed coverage on MercadoLibre SA in a report on Tuesday, August 9th. They set a “neutral” rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. raised MercadoLibre SA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $173.68 to $200.00 in a report on Friday. Piper Jaffray Cos. reissued an “overweight” rating and set a $185.00 price objective on shares of MercadoLibre SA in a report on Tuesday. Finally, Zacks Investment Research cut MercadoLibre SA from a “buy” rating to a “hold” rating in a report on Saturday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $150.29.
The stock 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 issued its quarterly earnings data 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. During the same period in the prior year, the firm earned $0.44 earnings per share. The company earned $199.60 million during the quarter, compared to the consensus estimate of $180.94 million. MercadoLibre SA’s revenue for the quarter was up 29.4% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre SA will post $2.71 earnings per share for the current year.
The company also recently disclosed 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 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Wednesday, September 28th.
In related news, VP Pedro Arnt sold 3,000 shares of MercadoLibre SA stock in a transaction 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 sale, the vice president now 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 this hyperlink. Also, Director A Michael Spence sold 3,451 shares of MercadoLibre SA stock in a transaction on 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 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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