State of Wisconsin Investment Board lowered its stake in Mercadolibre Inc (NASDAQ:MELI) by 24.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 29,953 shares of the company’s stock after selling 9,797 shares during the quarter. State of Wisconsin Investment Board owned 0.07% of Mercadolibre worth $7,756,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings 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 purchasing an additional 80 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Mercadolibre during the 2nd quarter worth $146,000. Ameritas Investment Partners Inc. purchased a new position in shares of Mercadolibre during the 2nd quarter worth $198,000. Rehmann Capital Advisory Group purchased a new position in shares of Mercadolibre during the 3rd quarter worth $213,000. Finally, Rathbone Brothers plc purchased a new position in shares of Mercadolibre during the 3rd quarter worth $221,000. 89.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $2,744,700. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on MELI. Credit Suisse Group boosted their price objective on shares of Mercadolibre from $350.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Barclays reduced their price objective on shares of Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $268.00 target price on shares of Mercadolibre in a research report on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and issued a $290.00 target price on shares of Mercadolibre in a research report on Tuesday, October 17th. Finally, Susquehanna Bancshares dropped their target price on Mercadolibre from $275.00 to $230.00 in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $271.21.
Mercadolibre Inc (NASDAQ MELI) traded down $1.18 during mid-day trading on Monday, reaching $271.73. The company had a trading volume of 864,934 shares, compared to its average volume of 644,683. 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 $150.29 and a 12-month high of $297.95. The stock has a market capitalization of $12,050.99, a PE ratio of 77.97, a price-to-earnings-growth ratio of 4.50 and a beta of 2.05.
Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings data 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. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The company had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 60.6% on a year-over-year basis. research analysts predict that Mercadolibre Inc will post 2.42 EPS for the current fiscal year.
The business also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s dividend payout ratio (DPR) is presently 19.93%.
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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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