Atlantic Trust Group LLC acquired a new stake in Mercadolibre Inc (NASDAQ:MELI) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,846 shares of the company’s stock, valued at approximately $2,291,000.
Several other hedge funds also recently modified their holdings of MELI. Dimensional Fund Advisors LP increased its position in Mercadolibre by 33.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,874 shares of the company’s stock worth $608,000 after buying an additional 725 shares during the period. Rhumbline Advisers bought a new position in Mercadolibre in the 2nd quarter worth approximately $662,000. Bank of New York Mellon Corp increased its position in Mercadolibre by 54.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,317 shares of the company’s stock worth $10,365,000 after buying an additional 14,491 shares during the period. Legal & General Group Plc increased its position in Mercadolibre by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 42,456 shares of the company’s stock worth $10,651,000 after buying an additional 4,446 shares during the period. Finally, KBC Group NV increased its position in Mercadolibre by 54.2% in the 2nd quarter. KBC Group NV now owns 5,082 shares of the company’s stock worth $1,275,000 after buying an additional 1,786 shares during the period. 89.44% of the stock is currently owned by institutional investors and hedge funds.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of Mercadolibre stock in a transaction on Monday, November 27th. The shares were bought at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $2,744,700. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.
A number of research firms have recently issued reports on MELI. Zacks Investment Research upgraded Mercadolibre from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group restated an “outperform” rating and set a $385.00 price objective (up from $380.00) on shares of Mercadolibre in a research report on Monday, January 8th. Deutsche Bank set a $335.00 price objective on Mercadolibre and gave the company a “hold” rating in a research report on Thursday, January 4th. Citigroup cut Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research report on Wednesday, December 20th. Finally, BidaskClub upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Mercadolibre currently has an average rating of “Buy” and an average target price of $276.98.
Mercadolibre Inc (NASDAQ MELI) opened at $342.47 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. The company has a market capitalization of $15,102.70, a price-to-earnings ratio of 113.78, a price-to-earnings-growth ratio of 4.77 and a beta of 2.05. Mercadolibre Inc has a one year low of $172.85 and a one year high of $344.52.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The company had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The business’s revenue was up 60.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. sell-side analysts expect that Mercadolibre Inc will post 2.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s dividend payout ratio is currently 19.93%.
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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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