Mercadolibre Inc (MELI) Shares Sold by Wasatch Advisors Inc.

Wasatch Advisors Inc. trimmed its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 72.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,166 shares of the company’s stock after selling 229,145 shares during the period. Wasatch Advisors Inc. owned approximately 0.20% of Mercadolibre worth $27,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new position in Mercadolibre during the third quarter worth about $104,000. Smithfield Trust Co. grew its holdings in Mercadolibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after acquiring an additional 410 shares during the period. Toronto Dominion Bank grew its holdings in Mercadolibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after acquiring an additional 80 shares during the period. Pacer Advisors Inc. acquired a new position in Mercadolibre during the second quarter worth about $146,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Mercadolibre during the second quarter worth about $198,000. 89.45% of the stock is currently owned by institutional investors.

In other Mercadolibre news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,744,700. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.

MELI has been the topic of a number of research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $268.00 target price on shares of Mercadolibre in a report on Monday, October 23rd. Credit Suisse Group lifted their target price on Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Susquehanna Bancshares lowered their target price on Mercadolibre from $275.00 to $230.00 in a report on Friday, October 13th. Barclays lowered their target price on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price on shares of Mercadolibre in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $276.98.

Mercadolibre Inc (NASDAQ MELI) opened at $339.85 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. Mercadolibre Inc has a 1 year low of $172.85 and a 1 year high of $348.17. The firm has a market capitalization of $15,122.57, a price-to-earnings ratio of 112.91, a P/E/G ratio of 4.78 and a beta of 2.05.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating 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 business had revenue of $370.66 million during the quarter, compared to analyst estimates of $347.29 million. During the same quarter last year, the company posted $0.88 EPS. Mercadolibre’s revenue for the quarter was up 60.6% on a year-over-year basis. research analysts expect that Mercadolibre Inc will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.18%. Mercadolibre’s dividend payout ratio (DPR) is 19.93%.

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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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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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