US Bancorp DE reduced its stake in shares of Mercadolibre Inc (NASDAQ:MELI) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,984 shares of the company’s stock after selling 5,242 shares during the quarter. US Bancorp DE’s holdings in Mercadolibre were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jennison Associates LLC grew its position in shares of Mercadolibre by 9.4% in the fourth quarter. Jennison Associates LLC now owns 831,137 shares of the company’s stock valued at $261,526,000 after purchasing an additional 71,206 shares during the last quarter. Whale Rock Capital Management LLC grew its position in shares of Mercadolibre by 79.7% in the fourth quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock valued at $105,046,000 after purchasing an additional 148,085 shares during the last quarter. Dynamo Administracao de Recursos Ltda. acquired a new stake in shares of Mercadolibre in the fourth quarter valued at approximately $98,072,000. WCM Investment Management CA grew its position in shares of Mercadolibre by 1.1% in the fourth quarter. WCM Investment Management CA now owns 242,905 shares of the company’s stock valued at $76,433,000 after purchasing an additional 2,549 shares during the last quarter. Finally, Northcape Capital Pty Ltd grew its position in shares of Mercadolibre by 56.6% in the fourth quarter. Northcape Capital Pty Ltd now owns 172,169 shares of the company’s stock valued at $54,175,000 after purchasing an additional 62,262 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.
Shares of Mercadolibre opened at $314.93 on Friday, according to Marketbeat Ratings. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.25. The company has a market cap of $13.46 billion, a P/E ratio of 124.48 and a beta of 2.08. Mercadolibre Inc has a 1 year low of $217.06 and a 1 year high of $417.91.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.35). The firm had revenue of $436.98 million for the quarter, compared to analysts’ expectations of $404.74 million. Mercadolibre had a negative net margin of 3.30% and a positive return on equity of 13.98%. equities analysts predict that Mercadolibre Inc will post 0.58 EPS for the current year.
Several research firms have recently commented on MELI. BidaskClub lowered shares of Mercadolibre from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $360.00 price target (down from $405.00) on shares of Mercadolibre in a research report on Thursday, May 10th. Piper Jaffray Companies increased their price target on shares of Mercadolibre to $350.00 and gave the company an “overweight” rating in a research report on Thursday, May 10th. ValuEngine lowered shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Finally, Zacks Investment Research upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target on the stock in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $342.55.
In related news, Director Meyer Malka purchased 1,708 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were bought at an average price of $292.65 per share, with a total value of $499,846.20. Following the completion of the purchase, the director now directly owns 1,708 shares in the company, valued at approximately $499,846.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.36% of the company’s stock.
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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