Andra AP fonden lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,400 shares of the company’s stock after selling 300 shares during the period. Andra AP fonden’s holdings in MercadoLibre were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Wedbush Securities Inc. lifted its position in MercadoLibre by 1.8% in the second quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock valued at $798,000 after purchasing an additional 55 shares during the period. Toronto Dominion Bank lifted its position in MercadoLibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after purchasing an additional 80 shares during the period. Cookson Peirce & Co. Inc. lifted its position in MercadoLibre by 0.9% in the second quarter. Cookson Peirce & Co. Inc. now owns 18,750 shares of the company’s stock valued at $4,704,000 after purchasing an additional 170 shares during the period. Creative Planning lifted its position in MercadoLibre by 12.5% in the second quarter. Creative Planning now owns 1,695 shares of the company’s stock valued at $425,000 after purchasing an additional 188 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of MercadoLibre by 1.4% during the 3rd quarter. First Trust Advisors LP now owns 23,336 shares of the company’s stock valued at $6,042,000 after acquiring an additional 331 shares during the period. Hedge funds and other institutional investors own 84.57% of the company’s stock.
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A number of research firms have recently issued reports on MELI. Susquehanna Bancshares Inc reiterated a “market perform” rating and set a $275.00 price target on shares of MercadoLibre in a research report on Tuesday, August 1st. Barclays PLC reduced their price target on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price target on shares of MercadoLibre in a research report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $215.00 price target on shares of MercadoLibre in a research report on Tuesday, October 3rd. Finally, Credit Suisse Group lifted their price target on shares of MercadoLibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $271.21.
MercadoLibre, Inc. (NASDAQ:MELI) opened at $267.08 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. MercadoLibre, Inc. has a 12 month low of $148.98 and a 12 month high of $297.95. The firm has a market cap of $11,960.90, a P/E ratio of 77.39, a PEG ratio of 4.40 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. MercadoLibre had a net margin of 10.91% and a return on equity of 34.78%. The business had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. During the same period last year, the company posted $0.88 EPS. The company’s revenue was up 60.6% on a year-over-year basis. research analysts predict that MercadoLibre, Inc. will post 2.46 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. MercadoLibre’s dividend payout ratio (DPR) is 19.93%.
MercadoLibre Company Profile
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).
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