Investors Sell Mercadolibre (MELI) on Strength (MELI)

Investors sold shares of Mercadolibre Inc (NASDAQ:MELI) on strength during trading hours on Wednesday. $52.65 million flowed into the stock on the tick-up and $93.88 million flowed out of the stock on the tick-down, for a money net flow of $41.23 million out of the stock. Of all equities tracked, Mercadolibre had the 0th highest net out-flow for the day. Mercadolibre traded up $1.90 for the day and closed at $339.55

Several brokerages have weighed in on MELI. Zacks Investment Research raised shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies lifted their price target on shares of Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Citigroup downgraded shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a report on Wednesday, December 20th. BidaskClub raised shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Finally, Deutsche Bank set a $335.00 price target on shares of Mercadolibre and gave the company a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Mercadolibre has an average rating of “Buy” and a consensus price target of $276.98.

The stock has a market cap of $15,100.00, a PE ratio of 113.63, a price-to-earnings-growth ratio of 4.61 and a beta of 2.05. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.

Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The company had revenue of $370.66 million for the quarter, compared to analysts’ expectations of $347.29 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. Mercadolibre’s quarterly revenue was up 60.6% on a year-over-year basis. analysts expect that Mercadolibre Inc will post 2.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.18%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s dividend payout ratio is presently 19.93%.

In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of Mercadolibre stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,744,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MELI. Fieldpoint Private Securities LLC bought a new position in Mercadolibre during the third quarter valued at $104,000. Smithfield Trust Co. increased its position in Mercadolibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after acquiring an additional 410 shares during the last quarter. Toronto Dominion Bank increased its position in Mercadolibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after acquiring an additional 80 shares during the last quarter. Pacer Advisors Inc. bought a new position in Mercadolibre during the second quarter valued at $146,000. Finally, Ameritas Investment Partners Inc. bought a new position in Mercadolibre during the second quarter valued at $198,000. Institutional investors and hedge funds own 89.44% of the company’s stock.

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About Mercadolibre

MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

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