Comerica Bank grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,169 shares of the company’s stock after purchasing an additional 5,123 shares during the quarter. Comerica Bank owned about 0.11% of MercadoLibre worth $11,764,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of MELI. Vanguard Group Inc. boosted its stake in MercadoLibre by 21.5% in the first quarter. Vanguard Group Inc. now owns 180,912 shares of the company’s stock worth $38,258,000 after purchasing an additional 32,047 shares in the last quarter. Geode Capital Management LLC raised its position in shares of MercadoLibre by 10.7% during the first quarter. Geode Capital Management LLC now owns 68,765 shares of the company’s stock worth $14,517,000 after acquiring an additional 6,627 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of MercadoLibre by 33.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,874 shares of the company’s stock worth $608,000 after acquiring an additional 725 shares during the last quarter. State Street Corp raised its position in shares of MercadoLibre by 11.7% during the first quarter. State Street Corp now owns 274,580 shares of the company’s stock worth $58,057,000 after acquiring an additional 28,727 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of MercadoLibre during the first quarter worth $1,217,000. 84.57% of the stock is currently owned by institutional investors.
MercadoLibre, Inc. (NASDAQ:MELI) traded down $1.06 during trading hours on Friday, reaching $262.48. The company’s stock had a trading volume of 705,100 shares, compared to its average volume of 647,127. MercadoLibre, Inc. has a 1 year low of $148.98 and a 1 year high of $297.95. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $11,530.00, a PE ratio of 75.30, a price-to-earnings-growth ratio of 4.35 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. MercadoLibre had a return on equity of 34.78% and a net margin of 10.91%. The company’s revenue was up 60.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. equities analysts expect that MercadoLibre, Inc. will post 2.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. MercadoLibre’s dividend payout ratio is currently 19.93%.
A number of research firms have recently weighed in on MELI. 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. Barclays PLC restated an “overweight” rating and set a $275.00 target price (down previously from $290.00) on shares of MercadoLibre in a research report on Friday, August 4th. Vetr upgraded MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price for the company in a research report on Monday, August 7th. BidaskClub downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $275.00 target price (up previously from $260.00) on shares of MercadoLibre in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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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