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

A number of equities research analysts recently issued reports on the company. Piper Jaffray Cos. increased their price target on MercadoLibre SA from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Goldman Sachs Group Inc. began coverage on 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 downgraded MercadoLibre SA from a “buy” rating to a “hold” rating in a report on Saturday, May 21st. Finally, JPMorgan Chase & Co. raised their target price on 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, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $140.71.

The company’s 50-day moving average price is $159.87 and its 200 day moving average price is $133.36. The stock has a market capitalization of $7.62 billion and a P/E ratio of 58.29.

MercadoLibre SA (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.23. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company had revenue of $199.60 million for the quarter, compared to the consensus estimate of $180.94 million. The company’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 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.36%.

In other MercadoLibre SA news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the vice president now directly owns 19,129 shares in the company, valued at approximately $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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