Mercadolibre Inc (NASDAQ:MELI) Director Meyer Malka bought 1,708 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The stock was purchased at an average cost of $292.65 per share, with a total value of $499,846.20. Following the transaction, the director now directly owns 1,708 shares in the company, valued at approximately $499,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mercadolibre traded up $2.62, reaching $317.55, on Friday, MarketBeat.com reports. 39,363 shares of the company traded hands, compared to its average volume of 799,346. Mercadolibre Inc has a one year low of $217.06 and a one year high of $417.91. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.25. The firm has a market cap of $13.46 billion, a PE ratio of 125.28 and a beta of 2.08.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). Mercadolibre had a negative net margin of 3.30% and a positive return on equity of 13.98%. The company had revenue of $436.98 million for the quarter, compared to the consensus estimate of $404.74 million. research analysts expect that Mercadolibre Inc will post 0.58 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of MELI. Dynamo Administracao de Recursos Ltda. bought a new position in Mercadolibre during the 4th quarter valued at approximately $98,072,000. Generation Investment Management LLP bought a new position in Mercadolibre during the 4th quarter valued at approximately $52,819,000. Whale Rock Capital Management LLC increased its position in Mercadolibre by 79.7% during the 4th quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock valued at $105,046,000 after buying an additional 148,085 shares in the last quarter. Park West Asset Management LLC bought a new position in Mercadolibre during the 4th quarter valued at approximately $44,658,000. Finally, Asset Management One Co. Ltd. increased its position in Mercadolibre by 50.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 350,613 shares of the company’s stock valued at $124,955,000 after buying an additional 117,698 shares in the last quarter. 88.75% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on MELI shares. BidaskClub lowered Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 20th. Zacks Investment Research lowered Mercadolibre from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 27th. Cowen reissued a “hold” rating and issued a $373.00 target price on shares of Mercadolibre in a research report on Tuesday, April 17th. ValuEngine raised Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $342.55.
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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