MercadoLibre SA (MELI) Sets New 52-Week High at $153.27
MercadoLibre SA (NASDAQ:MELI) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $153.27 and last traded at $153.07, with a volume of 125,774 shares trading hands. The stock had previously closed at $152.37.
MELI has been the subject of a number of recent analyst reports. Piper Jaffray Cos. restated a “buy” rating and issued a $160.00 price objective on shares of MercadoLibre SA in a research note on Friday, July 1st. JPMorgan Chase & Co. upped their price objective on MercadoLibre SA from $121.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday, May 16th. Zacks Investment Research downgraded MercadoLibre SA from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. Finally, Cowen and Company began coverage on MercadoLibre SA in a research note on Monday, April 25th. They issued a “market perform” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $131.67.
The company has a market cap of $6.81 billion and a price-to-earnings ratio of 50.74. The stock has a 50 day moving average price of $140.66 and a 200 day moving average price of $120.37.
MercadoLibre SA (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. During the same quarter in the previous year, the firm posted $0.78 EPS. The company had revenue of $157.63 million for the quarter, compared to analysts’ expectations of $145.95 million. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that MercadoLibre SA will post $2.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Tuesday, June 28th.
A number of hedge funds and institutional investors recently made changes to their positions in the stock. US Bancorp DE boosted its position in shares of MercadoLibre SA by 36.2% in the fourth quarter. US Bancorp DE now owns 13,964 shares of the company’s stock worth $1,597,000 after buying an additional 3,712 shares during the last quarter. Howland Capital Management LLC boosted its position in shares of MercadoLibre SA by 6.7% in the fourth quarter. Howland Capital Management LLC now owns 17,461 shares of the company’s stock worth $1,996,000 after buying an additional 1,094 shares during the last quarter. Trilogy Global Advisors LP bought a new position in shares of MercadoLibre SA during the fourth quarter worth about $4,906,000. State of New Jersey Common Pension Fund D boosted its position in shares of 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 worth $7,100,000 after buying an additional 2,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of MercadoLibre SA by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 123,493 shares of the company’s stock worth $14,120,000 after buying an additional 725 shares during the last quarter.
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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