Timber Hill LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,015 shares of the company’s stock, valued at approximately $263,000.
A number of other hedge funds also recently bought and sold shares of the stock. Wedbush Securities Inc. lifted its stake in MercadoLibre by 1.8% in the 2nd quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock valued at $798,000 after buying an additional 55 shares in the last quarter. Toronto Dominion Bank lifted its stake in MercadoLibre by 18.4% in the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after buying an additional 80 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its stake in MercadoLibre by 0.9% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 18,750 shares of the company’s stock valued at $4,704,000 after buying an additional 170 shares in the last quarter. Creative Planning lifted its stake in MercadoLibre by 12.5% in the 2nd quarter. Creative Planning now owns 1,695 shares of the company’s stock valued at $425,000 after buying an additional 188 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in MercadoLibre by 19.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,649 shares of the company’s stock valued at $427,000 after buying an additional 267 shares in the last quarter. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MercadoLibre, Inc. (MELI) traded up $4.62 during trading on Friday, hitting $267.10. The company’s stock had a trading volume of 231,311 shares, compared to its average volume of 986,017. MercadoLibre, Inc. has a one year low of $148.98 and a one year high of $297.95. The stock has a market cap of $11,790.00, a price-to-earnings ratio of 75.30, a PEG ratio of 4.35 and a beta of 2.04. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The company had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. MercadoLibre had a return on equity of 34.78% and a net margin of 10.91%. The business’s revenue for the quarter was up 60.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. analysts forecast that MercadoLibre, Inc. will post 2.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 28th. MercadoLibre’s dividend payout ratio (DPR) is currently 19.93%.
A number of equities research analysts recently issued reports on MELI shares. KeyCorp reaffirmed a “buy” rating and issued a $290.00 target price on shares of MercadoLibre in a research note on Tuesday, October 17th. Susquehanna Bancshares Inc reaffirmed a “market perform” rating and issued a $275.00 target price on shares of MercadoLibre in a research note on Tuesday, August 1st. Credit Suisse Group upped their target price on MercadoLibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price on shares of MercadoLibre in a research note on Wednesday, October 4th. Finally, Barclays PLC reduced their target price on MercadoLibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. One equities 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 issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $271.21.
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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