MercadoLibre (NASDAQ:MELI) Director Henrique Vasoncelos Dubugras Sells 845 Shares

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

MercadoLibre Stock Performance

Shares of MELI stock traded down $49.13 on Monday, reaching $1,966.76. The stock had a trading volume of 479,858 shares, compared to its average volume of 429,933. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $99.71 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 1.50 and a beta of 1.42. The firm’s 50-day moving average is $2,121.14 and its two-hundred day moving average is $2,313.24.

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

Hedge Funds Weigh In On MercadoLibre

Hedge funds have recently modified their holdings of the stock. Capital Research Global Investors grew its position in MercadoLibre by 3.4% during the 3rd quarter. Capital Research Global Investors now owns 1,816,092 shares of the company’s stock valued at $4,244,604,000 after purchasing an additional 59,838 shares during the last quarter. Capital World Investors boosted its position in MercadoLibre by 1.3% during the third quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock valued at $4,067,194,000 after purchasing an additional 22,659 shares in the last quarter. Jennison Associates LLC increased its holdings in MercadoLibre by 7.0% in the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after buying an additional 81,124 shares during the period. Lavaca Capital LLC lifted its position in shares of MercadoLibre by 140,201.3% during the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after buying an additional 1,065,530 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of MercadoLibre by 9.8% in the third quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock valued at $1,432,565,000 after purchasing an additional 50,893 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MELI. Morgan Stanley upped their price objective on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Benchmark lowered their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Wedbush upped their target price on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Barclays increased their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.