Candriam Luxembourg S.C.A. bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the second quarter, Holdings Channel reports. The firm bought 2,720 shares of the company’s stock, valued at approximately $682,000.
A number of other institutional investors have also modified their holdings of MELI. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of MercadoLibre during the first quarter worth $106,000. Van ECK Associates Corp raised its position in shares of MercadoLibre by 7.3% in the first quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after buying an additional 50 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of MercadoLibre during the first quarter worth $169,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in shares of MercadoLibre during the second quarter worth $226,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of MercadoLibre during the second quarter worth $240,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.
Shares of MercadoLibre, Inc. (NASDAQ:MELI) opened at 236.94 on Tuesday. The stock has a 50 day moving average of $267.03 and a 200-day moving average of $242.07. The stock has a market capitalization of $10.46 billion, a P/E ratio of 72.61 and a beta of 2.05. MercadoLibre, Inc. has a one year low of $148.98 and a one year high of $297.95.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.45. The firm had revenue of $316.53 million for the quarter, compared to analysts’ expectations of $312.16 million. MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The firm’s revenue was up 58.6% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. Equities analysts forecast that MercadoLibre, Inc. will post $3.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. MercadoLibre’s dividend payout ratio (DPR) is 18.40%.
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A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated 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. J P Morgan Chase & Co reiterated a “neutral” rating and set a $270.00 target price on shares of MercadoLibre in a research report on Wednesday, August 9th. Vetr upgraded shares of 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. Finally, Zacks Investment Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $261.69.
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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