Traders Sell Mercadolibre (MELI) on Strength (MELI)
Investors sold shares of Mercadolibre Inc (NASDAQ:MELI) on strength during trading on Wednesday. $52.65 million flowed into the stock on the tick-up and $93.88 million flowed out of the stock on the tick-down, for a money net flow of $41.23 million out of the stock. Of all companies tracked, Mercadolibre had the 0th highest net out-flow for the day. Mercadolibre traded up $1.90 for the day and closed at $339.55
Several equities analysts have recently issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $385.00 price objective (up previously from $380.00) on shares of Mercadolibre in a report on Monday. Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Deutsche Bank set a $335.00 price objective on shares of Mercadolibre and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, KeyCorp restated a “buy” rating and set a $290.00 price objective on shares of Mercadolibre in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Mercadolibre presently has an average rating of “Buy” and an average target price of $276.98.
The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The stock has a market cap of $15,100.00, a price-to-earnings ratio of 113.63, a price-to-earnings-growth ratio of 4.61 and a beta of 2.05.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 annualized dividend and a yield of 0.18%. Mercadolibre’s dividend payout ratio (DPR) is presently 19.93%.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $2,744,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. KAMES CAPITAL plc purchased a new stake in Mercadolibre in the 4th quarter worth approximately $49,860,000. Atlantic Trust Group LLC purchased a new stake in Mercadolibre in the 3rd quarter worth approximately $2,291,000. IFM Investors Pty Ltd purchased a new stake in Mercadolibre in the 3rd quarter worth approximately $325,000. Fieldpoint Private Securities LLC purchased a new stake in Mercadolibre in the 3rd quarter worth approximately $104,000. Finally, Neuberger Berman Group LLC boosted its position in Mercadolibre by 9.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 82,553 shares of the company’s stock worth $21,375,000 after purchasing an additional 7,408 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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