Mercadolibre Inc (NASDAQ:MELI) price target raised to $376.00 by Piper Jaffray Companies

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Analyst Ratings For Mercadolibre Inc (NASDAQ:MELI)

Today, Piper Jaffray Companies raised its price target on Mercadolibre Inc (NASDAQ:MELI) to $376.00 per share.

There are 6 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Mercadolibre Inc (NASDAQ:MELI) is Hold with a consensus target price of $342.4615 per share, a potential 1.01% downside.

Some recent analyst ratings include

  • 5/10/2018-Stifel Nicolaus Reiterated Rating of Hold .
  • 4/17/2018-Cowen Reiterated Rating of Hold.

Recent Insider Trading Activity For Mercadolibre Inc (NASDAQ:MELI)
Mercadolibre Inc (NASDAQ:MELI) has insider ownership of 0.32% and institutional ownership of 87.75%.

  • On 6/14/2018 Meyer Malka, Director, bought 16,518 with an average share price of $301.39 per share and the total transaction amounting to $4,978,360.02.
  • On 6/12/2018 Meyer Malka, Director, bought 16,500 with an average share price of $301.40 per share and the total transaction amounting to $4,973,100.00.
  • On 5/22/2018 Meyer Malka, Director, bought 1,708 with an average share price of $292.65 per share and the total transaction amounting to $499,846.20.
  • On 11/27/2017 Alejandro Nicolas Aguzin, Director, bought 10,000 with an average share price of $274.47 per share and the total transaction amounting to $2,744,700.00.
  • On 3/9/2017 Stelleo Tolda, VP, sold 2,000 with an average share price of $211.00 per share and the total transaction amounting to $422,000.00.
  • On 10/19/2016 Ebay Inc, Major Shareholder, sold 7,100,000 with an average share price of $168.00 per share and the total transaction amounting to $1,192,800,000.00.
  • On 8/19/2016 Daniel Rabinovich, EVP, sold 6,195 with an average share price of $166.61 per share and the total transaction amounting to $1,032,148.95.

About Mercadolibre Inc (NASDAQ:MELI)
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. It also provides MercadoLibre Classifieds service that enables users to list their offerings related to motor vehicles, vessels, aircraft, real estate, and services outside the Marketplace platform; and MercadoPago, an integrated online payments solution to facilitate transactions on and off the MercadoLibre Marketplace by providing a mechanism that allows its users to send and receive payments online. In addition, the company offers MercadoLibre Advertising platform, which enables large retailers and various other consumer brands to promote their products and services on the Internet by providing branding and performance marketing services; and advertisers to place text, display, or banner advertisements in order to promote their brands and offerings on its Webpages and associated sites. Further, it provides MercadoShops, a software-as-a-service, hosted online store solution that enables users to set-up, manage, and promote their own Webstores; and MercadoEnvios, a shipping service for marketplace users. The company was founded in 1999 and is headquartered in Buenos Aires, Argentina.

Recent Trading Activity for Mercadolibre Inc (NASDAQ:MELI)
Shares of Mercadolibre Inc closed the previous trading session at 347.08 up +3.83 1.12% with 111748 shares trading hands.