MercadoLibre Inc (NASDAQ: MELI) is 2.27% higher on its value in year-to-date trading and has touched a low of $1324.99 and a high of $2161.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MELI stock was last observed hovering at around $1771.22 in the last trading session, with the day’s loss setting it -32.22%.
Currently trading at $1739.00, the stock is -1.87% and -8.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.35 million and changing -1.82% at the moment leaves the stock -3.28% off its SMA200. MELI registered 10.37% gain for a year compared to 6-month gain of 2.08%. The firm has a 50-day simple moving average (SMA 50) of $1896.0724 and a 200-day simple moving average (SMA200) of $1797.9779.
The stock witnessed a -10.69% loss in the last 1 month and extending the period to 3 months gives it a -13.66%, and is 2.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.05% over the week and 3.13% over the month.
MercadoLibre Inc (MELI) has around 58313 employees, a market worth around $88.16B and $18.98B in sales. Current P/E ratio is 61.35 and Fwd P/E is 38.74. Profit margin for the company is 7.57%. Distance from 52-week low is 31.25% and -19.56% from its 52-week high. The company has generated returns on investments over the last 12 months (18.17%).
The EPS is expected to grow by 72.23% this year
1963.0 institutions hold shares in MercadoLibre Inc (MELI), with institutional investors hold 92.01% of the company’s shares. The shares outstanding are 50.70M, and float is at 46.82M with Short Float at 1.42%. Institutions hold 85.48% of the Float.
The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 4.85 million shares valued at $7.96 billion. The investor’s holdings represent 9.5591 of the MELI Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 2.33 million shares valued at $3.83 billion to account for 4.597 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.0 million shares representing 3.9515 and valued at over $3.29 billion, while JPMORGAN CHASE & CO holds 3.5919 of the shares totaling 1.82 million with a market value of $2.99 billion.
MercadoLibre Inc (MELI) Insider Activity
The most recent transaction is an insider sale by Calemzuk Emiliano, the company’s Director. SEC filings show that Calemzuk Emiliano sold 50 shares of the company’s common stock on Nov 29 ’24 at a price of $1984.98 per share for a total of $99249.0. Following the sale, the insider now owns 238.0 shares.
Still, SEC filings show that on Aug 13 ’24, Meliga No.1 Limited Partnershi (7.2% stockholder) Proposed Sale 100,000 shares at an average price of $1883.62 for $188.36 million. The insider now directly holds shares of MercadoLibre Inc (MELI).
