Investment House LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,790 shares of the company’s stock, valued at approximately $463,000.
Other large investors also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of MercadoLibre in the 1st quarter worth approximately $106,000. Toronto Dominion Bank raised its holdings in shares of MercadoLibre by 18.4% in the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after purchasing an additional 80 shares during the period. Pacer Advisors Inc. bought a new stake in shares of MercadoLibre in the 2nd quarter worth approximately $146,000. Ameritas Investment Partners Inc. bought a new stake in shares of MercadoLibre in the 2nd quarter worth approximately $198,000. Finally, Rehmann Capital Advisory Group bought a new stake in shares of MercadoLibre in the 3rd quarter worth approximately $213,000. 83.92% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. Barclays PLC lowered their price target on shares of MercadoLibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday. Piper Jaffray Companies reiterated a “buy” rating and issued a $268.00 price objective on shares of MercadoLibre in a research note on Monday, October 23rd. KeyCorp reiterated a “buy” rating and issued a $290.00 price objective on shares of MercadoLibre in a research note on Tuesday, October 17th. Susquehanna Bancshares Inc reduced their price objective on shares of MercadoLibre from $275.00 to $230.00 in a research note on Friday, October 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price objective on shares of MercadoLibre in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $264.28.
MercadoLibre, Inc. (NASDAQ:MELI) traded down 1.76% on Wednesday, hitting $236.07. 310,736 shares of the stock were exchanged. The firm has a market cap of $10.42 billion, a P/E ratio of 72.35 and a beta of 2.03. MercadoLibre, Inc. has a 12 month low of $148.98 and a 12 month high of $297.95. The company has a 50-day moving average of $259.66 and a 200 day moving average of $261.60.
MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.45). MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The firm had revenue of $316.53 million during the quarter, compared to analysts’ expectations of $312.16 million. During the same quarter last year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 58.6% on a year-over-year basis. Equities research analysts expect that MercadoLibre, Inc. will post $2.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a $0.15 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. MercadoLibre’s dividend payout ratio (DPR) is 18.40%.
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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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