State of Wisconsin Investment Board Sells 9,797 Shares of MercadoLibre, Inc. (MELI)

State of Wisconsin Investment Board lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,953 shares of the company’s stock after selling 9,797 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.07% of MercadoLibre worth $7,756,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wedbush Securities Inc. boosted its position in MercadoLibre by 1.8% during the second quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock worth $798,000 after acquiring an additional 55 shares during the last quarter. Toronto Dominion Bank boosted its position in MercadoLibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after acquiring an additional 80 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in MercadoLibre by 0.9% during the second quarter. Cookson Peirce & Co. Inc. now owns 18,750 shares of the company’s stock worth $4,704,000 after acquiring an additional 170 shares during the last quarter. Creative Planning boosted its position in MercadoLibre by 12.5% during the second quarter. Creative Planning now owns 1,695 shares of the company’s stock worth $425,000 after acquiring an additional 188 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in MercadoLibre by 1.4% during the third quarter. First Trust Advisors LP now owns 23,336 shares of the company’s stock worth $6,042,000 after acquiring an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 84.57% of the company’s stock.

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MercadoLibre, Inc. (NASDAQ:MELI) opened at $269.73 on Friday. The firm has a market cap of $11,910.47, a price-to-earnings ratio of 77.07, a price-to-earnings-growth ratio of 4.45 and a beta of 2.04. MercadoLibre, Inc. has a 1-year low of $148.98 and a 1-year high of $297.95. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 net margin of 10.91% and a return on equity of 34.78%. MercadoLibre’s revenue for the quarter was up 60.6% on a year-over-year basis. During the same quarter last year, the business earned $0.88 EPS. equities research analysts expect that MercadoLibre, Inc. will post 2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend 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 presently 19.93%.

A number of analysts recently issued reports on MELI shares. Vetr upgraded shares of MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price on the stock in a research report on Monday, August 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $215.00 target price on shares of MercadoLibre in a research report on Tuesday, October 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a $270.00 target price on shares of MercadoLibre in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “market perform” rating and set a $275.00 target price on shares of MercadoLibre in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $275.00 target price on the stock in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $271.21.

About MercadoLibre

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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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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