Stelleo Tolda Sells 246 Shares of MercadoLibre (NASDAQ:MELI) Stock

MercadoLibre, Inc. (NASDAQ:MELI) Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

MercadoLibre Price Performance

Shares of MELI stock opened at $2,015.89 on Friday. The company has a market capitalization of $102.21 billion, a P/E ratio of 49.19, a P/E/G ratio of 1.45 and a beta of 1.42. The company’s 50-day simple moving average is $2,121.14 and its two-hundred day simple moving average is $2,316.57. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the prior year, the firm posted $7.83 EPS. The business’s revenue was up 39.5% on a year-over-year basis. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group lifted its position in MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after acquiring an additional 13 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of MercadoLibre during the first quarter worth $29,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter valued at $29,000. Saudi Central Bank purchased a new stake in shares of MercadoLibre during the 1st quarter valued at $35,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of MercadoLibre in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MELI. Citigroup dropped their price target on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. UBS Group dropped their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Benchmark reduced their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Morgan Stanley upped their price target on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of MercadoLibre in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2,848.82.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.