MercadoLibre VP Gimenez Osvaldo Sells 1,400 Shares (MELI)
MercadoLibre (NASDAQ:MELI) VP Gimenez Osvaldo sold 1,400 shares of the company’s stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $128.69, for a total value of $180,166.00. Following the sale, the vice president now directly owns 20,031 shares in the company. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on MELI shares. Analysts at Credit Suisse raised their price target on shares of MercadoLibre (NASDAQ:MELI) from $104.00 to $109.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of MercadoLibre (NASDAQ:MELI) from $120.00 to $109.00 in a research note to investors on Monday, July 15th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. set a $109.00 price target on shares of MercadoLibre (NASDAQ:MELI) in a research note to investors on Friday, July 12th.
Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. MercadoLibre has a consensus rating of “Hold” and an average target price of $115.80.
MercadoLibre (NASDAQ:MELI) traded down 0.91% during mid-day trading on Friday, hitting $125.37. The stock had a trading volume of 367,704 shares. MercadoLibre has a 52-week low of $69.73 and a 52-week high of $136.52. The stock has a 50-day moving average of $122. and a 200-day moving average of $108.. The company has a market cap of $5.535 billion and a price-to-earnings ratio of 54.21.
MercadoLibre (NASDAQ:MELI) last released its earnings data on Thursday, August 1st. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.05. The company had revenue of $12.20 million for the quarter, compared to the consensus estimate of $107.96 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. Analysts expect that MercadoLibre will post $2.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.14 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, September 26th.
MercadoLibre, Inc hosts an online commerce platform in Latin America, called MercadoLibre and located at www.
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