Insider Trading Alert - Mercadolibre And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Friday, Sept. 13, 2013, 141 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $99.99 to $478,779,119.37.

Highlighted Stocks Traded by Insiders:

Mercadolibre (MELI) - FREE Research Report

Osvaldo Gimenez who is Executive VP - Payments at Mercadolibre sold 1,400 shares at $128.69 on Sept. 13, 2013. Following this transaction, the Executive VP - Payments owned 20,031 shares meaning that the stake was reduced by 6.53% with the 1,400 share transaction.

The shares most recently traded at $125.44, down $3.25, or 2.59% since the insider transaction. Historical insider transactions for Mercadolibre go as follows:

  • 12-Week # shares sold: 294,496
  • 24-Week # shares sold: 305,396

The average volume for Mercadolibre has been 508,800 shares per day over the past 30 days. Mercadolibre has a market cap of $5.6 billion and is part of the technology sector and internet industry. Shares are up 61.07% year to date as of the close of trading on Friday.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. The stock currently has a dividend yield of 0.45%. The company has a P/E ratio of 53.8. Currently there are 2 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 3 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on MELI - FREE

TheStreet Quant Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Mercadolibre Ratings Report from TheStreet Quant Ratings now.

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