Mn Services Vermogensbeheer B.V. raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 542.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,811 shares of the company’s stock after buying an additional 5,751 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in MercadoLibre were worth $1,709,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of MELI. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of MercadoLibre during the first quarter worth about $169,000. Shell Asset Management Co. boosted its stake in shares of MercadoLibre by 10.6% in the first quarter. Shell Asset Management Co. now owns 10,544 shares of the company’s stock worth $2,230,000 after buying an additional 1,013 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of MercadoLibre by 449.3% in the first quarter. Acadian Asset Management LLC now owns 231,597 shares of the company’s stock worth $48,975,000 after buying an additional 189,432 shares during the last quarter. Navellier & Associates Inc acquired a new stake in shares of MercadoLibre during the first quarter worth about $510,000. Finally, Parametrica Management Ltd acquired a new stake in shares of MercadoLibre during the first quarter worth about $339,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.
MercadoLibre, Inc. (MELI) opened at 280.26 on Friday. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 80.03 and a beta of 2.02. The stock’s 50 day moving average is $269.54 and its 200-day moving average is $230.42. MercadoLibre, Inc. has a 52-week low of $148.71 and a 52-week high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data 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 the consensus estimate of $247.85 million. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The company’s revenue was up 73.8% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. Equities research analysts anticipate that MercadoLibre, Inc. will post $4.70 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.21%. MercadoLibre’s payout ratio is 17.14%.
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A number of equities research analysts have issued reports on the stock. J P Morgan Chase & Co cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $296.24 to $300.00 in a report on Tuesday, May 16th. Bank of America Corporation boosted their target price on shares of MercadoLibre from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Credit Suisse Group boosted their target price on shares of MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Barclays PLC lowered their target price on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Citigroup Inc. cut shares of MercadoLibre from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. MercadoLibre has a consensus rating of “Hold” and a consensus price target of $256.69.
About MercadoLibre
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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