MercadoLibre (NASDAQ:MELI) Director Sells $1,713,778.30 in Stock

MercadoLibre, Inc. (NASDAQ:MELI) Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MercadoLibre Trading Down 2.4%

NASDAQ:MELI traded down $49.13 during trading hours on Monday, reaching $1,966.76. 479,858 shares of the stock were exchanged, compared to its average volume of 429,933. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The business has a 50-day moving average of $2,121.14 and a two-hundred day moving average of $2,313.24. The company has a market capitalization of $99.71 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 1.50 and a beta of 1.42.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MELI. Brooklyn Investment Group grew its holdings in MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after acquiring an additional 13 shares during the period. Twin Tree Management LP purchased a new position in shares of MercadoLibre during the 1st quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new stake in MercadoLibre in the 2nd quarter valued at about $29,000. Saudi Central Bank purchased a new position in shares of MercadoLibre in the 1st quarter worth $35,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in MercadoLibre during the 3rd quarter worth $35,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MELI. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Wedbush increased their price objective on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Morgan Stanley upped their price objective on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.