Stock Traders Purchase High Volume of Call Options on Mercadolibre (MELI)

Mercadolibre Inc (NASDAQ:MELI) saw unusually large options trading on Monday. Stock traders bought 8,738 call options on the stock. This is an increase of approximately 901% compared to the average volume of 873 call options.

MELI stock opened at $364.73 on Wednesday. The stock has a market capitalization of $16,710.91, a P/E ratio of 1,139.78 and a beta of 2.07. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.96. Mercadolibre has a twelve month low of $203.36 and a twelve month high of $417.91.

How to Become a New Pot Stock Millionaire

Mercadolibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million during the quarter, compared to analyst estimates of $404.74 million. Mercadolibre had a net margin of 0.99% and a return on equity of 26.75%. sell-side analysts forecast that Mercadolibre will post 2.21 EPS for the current year.

Several research analysts have commented on MELI shares. BidaskClub lowered Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $415.00 price target (up previously from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Credit Suisse Group reaffirmed an “outperform” rating and set a $385.00 price target (up previously from $380.00) on shares of Mercadolibre in a research report on Monday, January 8th. Deutsche Bank set a $335.00 price target on Mercadolibre and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $415.00 target price on shares of Mercadolibre in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $329.44.

Institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new stake in shares of Mercadolibre in the third quarter valued at approximately $104,000. Dumac Inc. boosted its stake in shares of Mercadolibre by 105.6% in the fourth quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after buying an additional 190 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Mercadolibre in the fourth quarter valued at approximately $140,000. Elkfork Partners LLC purchased a new stake in shares of Mercadolibre in the fourth quarter valued at approximately $185,000. Finally, Green Square Capital LLC purchased a new stake in shares of Mercadolibre in the fourth quarter valued at approximately $200,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Stock Traders Purchase High Volume of Call Options on Mercadolibre (MELI)” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/03/21/stock-traders-purchase-high-volume-of-call-options-on-mercadolibre-meli.html.

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).

Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit