L & S Advisors Inc raised its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 78.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,255 shares of the company’s stock after acquiring an additional 1,430 shares during the quarter. L & S Advisors Inc’s holdings in Mercadolibre were worth $843,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Mercadolibre by 21.5% in the 1st quarter. Vanguard Group Inc. now owns 180,912 shares of the company’s stock valued at $38,258,000 after buying an additional 32,047 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mercadolibre by 33.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,874 shares of the company’s stock valued at $608,000 after buying an additional 725 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Mercadolibre by 53.0% in the 2nd quarter. Aperio Group LLC now owns 2,420 shares of the company’s stock valued at $607,000 after buying an additional 838 shares during the last quarter. Strs Ohio boosted its holdings in shares of Mercadolibre by 361.1% in the 2nd quarter. Strs Ohio now owns 2,536 shares of the company’s stock valued at $636,000 after buying an additional 1,986 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Mercadolibre in the 2nd quarter valued at approximately $347,000. 89.60% of the stock is owned by institutional investors.
In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.
Mercadolibre (NASDAQ:MELI) last posted its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping 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 the consensus estimate of $347.29 million. During the same quarter last year, the firm earned $0.88 earnings per share. The company’s revenue was up 60.6% on a year-over-year basis. research 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. Stockholders of record on Sunday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s dividend payout ratio is currently 19.93%.
MELI has been the subject of several recent analyst reports. Susquehanna Bancshares cut their price objective on Mercadolibre from $275.00 to $230.00 in a report on Friday, October 13th. Stifel Nicolaus raised Mercadolibre from a “hold” rating to a “buy” rating and set a $275.00 price target for the company in a report on Friday, August 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $268.00 price target on shares of Mercadolibre in a report on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and set a $290.00 price target on shares of Mercadolibre in a report on Tuesday, October 17th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $215.00 price target on shares of Mercadolibre in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mercadolibre presently has an average rating of “Buy” and a consensus price target of $271.21.
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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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