Mercadolibre Inc (NASDAQ:MELI) saw some unusual options trading activity on Monday. Traders purchased 8,738 call options on the company. This represents an increase of 901% compared to the typical volume of 873 call options.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MELI. Dynamo Administracao de Recursos Ltda. purchased a new position in Mercadolibre in the fourth quarter valued at $98,072,000. Generation Investment Management LLP purchased a new stake in shares of Mercadolibre during the fourth quarter worth about $52,819,000. KAMES CAPITAL plc purchased a new stake in shares of Mercadolibre during the fourth quarter worth about $49,860,000. Whale Rock Capital Management LLC increased its stake in shares of Mercadolibre by 79.7% during the fourth quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock worth $105,046,000 after purchasing an additional 148,085 shares in the last quarter. Finally, Carmignac Gestion increased its stake in shares of Mercadolibre by 6.3% during the third quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock worth $628,218,000 after purchasing an additional 144,451 shares in the last quarter. 92.12% of the stock is owned by institutional investors.
Mercadolibre (NASDAQ:MELI) opened at $366.51 on Tuesday. Mercadolibre has a fifty-two week low of $203.36 and a fifty-two week high of $417.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $16,710.91, a price-to-earnings ratio of 1,145.34 and a beta of 2.07.
Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.35). Mercadolibre had a net margin of 0.99% and a return on equity of 26.75%. The firm had revenue of $436.98 million during the quarter, compared to analysts’ expectations of $404.74 million. equities research analysts expect that Mercadolibre will post 2.21 EPS for the current fiscal year.
A number of research firms recently issued reports on MELI. Piper Jaffray Companies boosted their target price on shares of Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Credit Suisse Group restated an “outperform” rating and set a $385.00 target price (up from $380.00) on shares of Mercadolibre in a research report on Monday, January 8th. ValuEngine upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus restated a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Finally, BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Mercadolibre presently has an average rating of “Buy” and a consensus price target of $329.44.
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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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