Emiliano Calemzuk Sells 45 Shares of MercadoLibre (NASDAQ:MELI) Stock

by · The Cerbat Gem

MercadoLibre, Inc. (NASDAQ:MELI – Get Free Report) Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded down $3.92 on Friday, reaching $2,015.89. 397,890 shares of the company were exchanged, compared to its average volume of 429,709. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The company has a 50-day moving average of $2,124.28 and a 200-day moving average of $2,319.98. The firm has a market cap of $102.21 billion, a price-to-earnings ratio of 49.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI – Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the company posted $7.83 earnings per share. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MercadoLibre

Large investors have recently made changes to their positions in the business. Brooklyn Investment Group lifted its stake in shares of MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Twin Tree Management LP purchased a new stake in MercadoLibre during the 1st quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the 2nd quarter valued at approximately $29,000. Saudi Central Bank acquired a new position in shares of MercadoLibre in the 1st quarter valued at approximately $35,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of MercadoLibre during the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group decreased their price objective on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Citigroup lowered their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Barclays upped their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,848.82.

Read Our Latest Stock Report on MELI

About MercadoLibre

(Get Free Report)

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.

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