Traders Sell MercadoLibre SA (MELI) on Strength (MELI)
Investors sold shares of MercadoLibre SA (NASDAQ:MELI) on strength during trading hours on Friday. $13.58 million flowed into the stock on the tick-up and $41.64 million flowed out of the stock on the tick-down, for a money net flow of $28.06 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 $0.83 for the day and closed at $154.24
Several analysts recently commented on the stock. Zacks Investment Research cut shares of MercadoLibre SA from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre SA from $121.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday, May 16th. Cowen and Company began coverage on shares of MercadoLibre SA in a research note on Monday, April 25th. They issued a “market perform” rating and a $120.00 price objective for the company. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $160.00 target price (up previously from $150.00) on shares of MercadoLibre SA in a research report on Sunday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. MercadoLibre SA presently has an average rating of “Hold” and an average price target of $131.67.
The stock has a 50-day moving average price of $140.66 and a 200 day moving average price of $120.37. The firm has a market capitalization of $6.81 billion and a P/E ratio of 50.74.
MercadoLibre SA (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12. The firm had revenue of $157.63 million for the quarter, compared to the consensus estimate of $145.95 million. During the same quarter in the prior year, the company posted $0.78 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that MercadoLibre SA will post $2.71 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%.
Several institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in MercadoLibre SA by 15.3% in the fourth quarter. New York State Common Retirement Fund now owns 189,841 shares of the company’s stock valued at $21,706,000 after buying an additional 25,205 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in MercadoLibre SA by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 123,493 shares of the company’s stock valued at $14,120,000 after buying an additional 725 shares in the last quarter. Thornburg Investment Management Inc. raised its position in MercadoLibre SA by 188.1% in the fourth quarter. Thornburg Investment Management Inc. now owns 200,912 shares of the company’s stock valued at $22,972,000 after buying an additional 131,163 shares in the last quarter. Morgan Stanley raised its position in MercadoLibre SA by 5.9% in the fourth quarter. Morgan Stanley now owns 1,701,032 shares of the company’s stock valued at $194,496,000 after buying an additional 94,818 shares in the last quarter. Finally, Howland Capital Management LLC raised its position in MercadoLibre SA by 6.7% in the fourth quarter. Howland Capital Management LLC now owns 17,461 shares of the company’s stock valued at $1,996,000 after buying an additional 1,094 shares in the last quarter.
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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