In today’s session Mercadolibre Inc (MELI) registered an unusually high (611) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MELI increase. With 611 contracts traded and 1814 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MELI161216C00175000 closed last at: $1.75 or 25% up. About 91,073 shares traded hands. Mercadolibre Inc (NASDAQ:MELI) has risen 31.91% since April 22, 2016 and is uptrending. It has outperformed by 26.50% the S&P500.
Analysts await Mercadolibre Inc (NASDAQ:MELI) to report earnings on February, 23. They expect $0.91 EPS, up 3.41% or $0.03 from last year’s $0.88 per share. MELI’s profit will be $40.65 million for 44.71 P/E if the $0.91 EPS becomes a reality. After $0.89 actual EPS reported by Mercadolibre Inc for the previous quarter, Wall Street now forecasts 2.25% EPS growth.
Mercadolibre Inc (NASDAQ:MELI) Ratings Coverage
Out of 8 analysts covering MercadoLibre (NASDAQ:MELI), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. MercadoLibre has been the topic of 13 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Monday, April 25, the company rating was initiated by Cowen & Co. Piper Jaffray maintained the stock with “Overweight” rating in Friday, August 5 report. Goldman Sachs initiated Mercadolibre Inc (NASDAQ:MELI) rating on Tuesday, August 9. Goldman Sachs has “Neutral” rating and $170 price target. On Thursday, October 6 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Neutral” rating on Monday, May 16 by JP Morgan. The rating was maintained by JP Morgan with “Neutral” on Monday, March 14. The company was upgraded on Friday, September 2 by JP Morgan. Citigroup downgraded the stock to “Sell” rating in Monday, September 28 report. The stock has “Hold” rating given by HSBC on Wednesday, March 2. The stock of Mercadolibre Inc (NASDAQ:MELI) earned “Underweight” rating by Morgan Stanley on Friday, October 28.
According to Zacks Investment Research, “MercadoLibre is the largest online trading platform in Latin America. We are market leaders in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a market of over Five fifty million people and a region with one of the world’s fastest-growing Internet penetration rates, we provide buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. We offer a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America.”
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.26, from 1 in 2016Q1. The ratio improved, as 26 funds sold all Mercadolibre Inc shares owned while 66 reduced positions. 35 funds bought stakes while 57 increased positions. They now own 31.31 million shares or 2.81% less from 32.21 million shares in 2016Q1.
Stephens Inc Ar accumulated 2,816 shares or 0.02% of the stock. Citigroup Inc owns 46,544 shares or 0.01% of their US portfolio. Legal And General Group Public Ltd Company, a United Kingdom-based fund reported 5,944 shares. Everpoint Asset Mgmt Ltd Com, a Connecticut-based fund reported 50,000 shares. Parallax Volatility Advisers L P reported 6,536 shares or 0% of all its holdings. Sunbelt Secs holds 23 shares or 0% of its portfolio. Jane Street Ltd Co has 4,001 shares for 0% of their US portfolio. Lba Wealth Mngmt Ltd Liability Com last reported 1 shares in the company. Capital Intl holds 0.16% of its portfolio in Mercadolibre Inc (NASDAQ:MELI) for 798,679 shares. Lpl Limited Liability has 0% invested in the company for 3,006 shares. Zacks accumulated 0.01% or 2,575 shares. Silvercrest Asset Management Grp Incorporated Ltd Llc last reported 0.01% of its portfolio in the stock. Moreover, Qs Ltd Company has 0% invested in Mercadolibre Inc (NASDAQ:MELI) for 3 shares. Virginia Retirement System Et Al holds 2,300 shares or 0% of its portfolio. Archford Capital Strategies Lc holds 0% of its portfolio in Mercadolibre Inc (NASDAQ:MELI) for 10 shares.
Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 5 insider sales for $1.20 billion net activity. EBAY INC sold $1.19 billion worth of stock. The insider Arnt Pedro sold $504,810. On Tuesday, August 9 the insider SPENCE A MICHAEL sold $583,115. 6,195 shares with value of $1.03M were sold by Rabinovich Daniel on Friday, August 19. On Monday, August 15 Melamud Marcelo sold $134,650 worth of the stock or 786 shares.
MercadoLibre, Inc. hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The company has a market cap of $7.27 billion. The Firm provides a portfolio of services facilitating e-commerce transactions. It has a 57.97 P/E ratio. The Company’s geographic divisions are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America.
MELI Company Profile
MercadoLibre, Inc. (MercadoLibre), incorporated on October 15, 1999, hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Firm provides a portfolio of services facilitating e-commerce transactions in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru, Uruguay and Venezuela. The Company’s geographic divisions are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America (real estate classifieds in the State of Florida only). It also operates online commerce platforms in the Dominican Republic, Panama, Bolivia, Guatemala, Paraguay and Portugal. The Firm offers its users an eco-system of over six related e-commerce services: the MercadoLibre Marketplace, The MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre Advertising program (MercadoClics), the MercadoShops online Webstores solution and the Mercado Envios shipping service. The Firm also operates a real estate classified platform that covers some areas of State of Florida in the United States.
More notable recent Mercadolibre Inc (NASDAQ:MELI) news were published by: Fool.com which released: “Is Mercadolibre Inc. a Buy?” on April 29, 2016, also Fool.com with their article: “Small Cap Low-Risk Pick No. 5: MercadoLibre Inc.” published on April 08, 2016, Fool.com published: “Mercadolibre, Inc. Earnings: Rolling With the Venezuelan Punches” on August 05, 2016. More interesting news about Mercadolibre Inc (NASDAQ:MELI) were released by: Nasdaq.com and their article: “Earnings Reaction History: MercadoLibre, Inc., 62.5% Follow-Through Indicator …” published on November 03, 2016 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: Groupon, Mercadolibre, Stamps.com, Target …” with publication date: November 25, 2016.
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