The EVP & COO of Mercadolibre (NASDAQ: MELI) is Selling Shares

By Carrie Williams

Today, the EVP & COO of Mercadolibre (NASDAQ: MELI), Stelleo Tolda, sold shares of MELI for $422K.

Following Stelleo Tolda’s last MELI Sell transaction on December 10, 2014, the stock climbed by 75.1%.

Based on Mercadolibre’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $256 million and quarterly net profit of $51.35 million. In comparison, last year the company earned revenue of $181 million and had a net profit of $38.96 million. The company has a one year high of $216.70 and a one year low of $109.75. MELI’s market cap is $9.23B and the company has a P/E ratio of 67.90.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $231.67, reflecting a -9.6% downside. Three different firms, including Citigroup and Morgan Stanley, currently also have a Sell rating on the stock.

Stelleo Tolda’s trades have generated a 31.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Portugal, the United States of America, Uruguay, and Venezuela. The company provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. MercadoLibre was founded by Marcos Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.