Flinton Capital Management LLC held its position in Mercadolibre Inc (NASDAQ:MELI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,904 shares of the company’s stock at the end of the first quarter. Flinton Capital Management LLC’s holdings in Mercadolibre were worth $403,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new position in Mercadolibre during the fourth quarter worth $107,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Mercadolibre during the first quarter worth approximately $169,000. DekaBank Deutsche Girozentrale purchased a new stake in Mercadolibre during the third quarter worth approximately $193,000. Mn Services Vermogensbeheer B.V. increased its stake in Mercadolibre by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,060 shares of the company’s stock worth $210,000 after buying an additional 31 shares in the last quarter. Finally, Investec Asset Management LTD purchased a new stake in Mercadolibre during the fourth quarter worth approximately $173,000. 76.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Mercadolibre Inc (NASDAQ:MELI) traded up 2.56% during midday trading on Friday, reaching $288.07. The company’s stock had a trading volume of 369,163 shares. The stock’s 50 day moving average price is $227.27 and its 200 day moving average price is $190.76. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 82.26 and a beta of 2.17. Mercadolibre Inc has a one year low of $123.42 and a one year high of $292.34.
Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 4th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.32. The firm had revenue of $273.90 million for the quarter, compared to analyst estimates of $247.85 million. Mercadolibre had a net margin of 16.13% and a return on equity of 38.86%. The business’s revenue for the quarter was up 73.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. Analysts predict that Mercadolibre Inc will post $4.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Wednesday, March 29th. Mercadolibre’s payout ratio is presently 21.43%.
MELI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Mercadolibre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 18th. Bank of America Corp upgraded Mercadolibre from a “neutral” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, January 30th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $200.00 target price on shares of Mercadolibre in a research report on Tuesday, February 7th. Pacific Crest initiated coverage on Mercadolibre in a research report on Friday, February 17th. They issued an “overweight” rating and a $210.00 target price on the stock. Finally, Cowen and Company boosted their target price on Mercadolibre from $192.00 to $211.00 and gave the stock a “market perform” rating in a research report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $224.58.
In other news, VP Stelleo Tolda sold 2,000 shares of Mercadolibre stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $211.00, for a total transaction of $422,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.
Mercadolibre Company Profile
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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