MercadoLibre (NASDAQ:MELI) Director Sells $91,231.65 in Stock

MercadoLibre, Inc. (NASDAQ:MELI) Director Emiliano Calemzuk sold 45 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $2,015.89 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market cap of $102.21 billion, a PE ratio of 49.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. The firm has a fifty day moving average price of $2,121.14 and a two-hundred day moving average price of $2,313.24. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22.

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

Institutional Investors Weigh In On MercadoLibre

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MELI shares. Benchmark lowered their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. BTIG Research restated a “buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research report on Thursday, December 4th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Finally, UBS Group dropped their price objective on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,848.82.

MercadoLibre Company Profile

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.