MercadoLibre SA (MELI) Reaches New 1-Year High at $143.59
MercadoLibre SA (NASDAQ:MELI) shares hit a new 52-week high during trading on Thursday . The company traded as high as $143.59 and last traded at $142.12, with a volume of 148,098 shares traded. The stock had previously closed at $139.68.
A number of brokerages have recently commented on MELI. Piper Jaffray Cos. reiterated a “buy” rating and set a $160.00 price target on shares of MercadoLibre SA in a report on Friday, July 1st. Zacks Investment Research lowered MercadoLibre SA from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. JPMorgan Chase & Co. upped their target price on MercadoLibre SA from $121.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday, May 16th. Finally, Cowen and Company initiated coverage on MercadoLibre SA in a research note on Monday, April 25th. They issued a “market perform” rating and a $120.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $131.67.
The firm’s 50 day moving average price is $136.26 and its 200 day moving average price is $117.77. The company has a market cap of $6.46 billion and a PE ratio of 48.10.
MercadoLibre SA (NASDAQ:MELI) last issued its earnings results on Thursday, May 5th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The business had revenue of $157.63 million for the quarter, compared to the consensus estimate of $145.95 million. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts anticipate that MercadoLibre SA will post $2.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%.
A number of hedge funds have recently added to or reduced their stakes in MELI. Jennison Associates LLC boosted its stake in MercadoLibre SA by 3.8% in the fourth quarter. Jennison Associates LLC now owns 199,497 shares of the company’s stock valued at $22,810,000 after buying an additional 7,311 shares during the last quarter. US Bancorp DE boosted its stake in MercadoLibre SA by 36.2% in the fourth quarter. US Bancorp DE now owns 13,964 shares of the company’s stock valued at $1,597,000 after buying an additional 3,712 shares during the last quarter. Carmignac Gestion boosted its stake in MercadoLibre SA by 30.9% in the fourth quarter. Carmignac Gestion now owns 2,008,581 shares of the company’s stock valued at $229,661,000 after buying an additional 474,272 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in MercadoLibre SA by 3.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 62,094 shares of the company’s stock valued at $7,100,000 after buying an additional 2,200 shares during the last quarter. Finally, Trilogy Global Advisors LP purchased a new stake in MercadoLibre SA during the fourth quarter valued at $4,906,000.
MercadoLibre, Inc (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America.
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