Insider Buying: Mercadolibre Inc (MELI) Director Purchases 16,518 Shares of Stock

Mercadolibre Inc (NASDAQ:MELI) Director Meyer Malka purchased 16,518 shares of the stock in a transaction dated Thursday, June 14th. The shares were purchased at an average price of $301.39 per share, for a total transaction of $4,978,360.02. Following the completion of the transaction, the director now owns 1,708 shares in the company, valued at approximately $514,774.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Meyer Malka also recently made the following trade(s):

  • On Tuesday, June 12th, Meyer Malka purchased 16,500 shares of Mercadolibre stock. The shares were purchased at an average price of $301.40 per share, for a total transaction of $4,973,100.00.
  • On Tuesday, May 22nd, Meyer Malka purchased 1,708 shares of Mercadolibre stock. The shares were purchased at an average price of $292.65 per share, for a total transaction of $499,846.20.

Shares of MELI traded up $13.99 during trading hours on Thursday, hitting $304.99. 1,849,236 shares of the company were exchanged, compared to its average volume of 771,096. The firm has a market cap of $13.15 billion, a PE ratio of 120.55 and a beta of 2.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.25. Mercadolibre Inc has a one year low of $217.06 and a one year high of $417.91.



Mercadolibre (NASDAQ:MELI) last issued its earnings results on Wednesday, May 9th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.73). The business had revenue of $320.98 million during the quarter, compared to analyst estimates of $416.15 million. Mercadolibre had a positive return on equity of 13.98% and a negative net margin of 3.30%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. equities research analysts anticipate that Mercadolibre Inc will post 0.51 EPS for the current fiscal year.

Several equities analysts have recently issued reports on MELI shares. Morgan Stanley lowered their price target on Mercadolibre from $330.00 to $260.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 29th. Bank of America reiterated a “buy” rating and set a $450.00 price target (up from $385.00) on shares of Mercadolibre in a research report on Wednesday, April 11th. Zacks Investment Research cut Mercadolibre from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 27th. Stifel Nicolaus cut Mercadolibre from a “buy” rating to a “hold” rating and lowered their price target for the company from $425.00 to $405.00 in a research report on Thursday, March 15th. Finally, JPMorgan Chase & Co. raised Mercadolibre from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $337.05.

Several institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of Mercadolibre by 50.5% in the first quarter. Asset Management One Co. Ltd. now owns 350,613 shares of the company’s stock worth $124,955,000 after buying an additional 117,698 shares during the period. Whale Rock Capital Management LLC boosted its position in shares of Mercadolibre by 79.7% in the fourth quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock worth $105,046,000 after buying an additional 148,085 shares during the period. Dynamo Administracao de Recursos Ltda. acquired a new stake in shares of Mercadolibre in the fourth quarter worth $98,072,000. WCM Investment Management CA boosted its position in shares of Mercadolibre by 2.7% in the first quarter. WCM Investment Management CA now owns 249,441 shares of the company’s stock worth $88,898,000 after buying an additional 6,536 shares during the period. Finally, Generation Investment Management LLP acquired a new stake in shares of Mercadolibre in the fourth quarter worth $52,819,000. 88.17% of the stock is owned by institutional investors and hedge funds.

Mercadolibre Company Profile

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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