Mercadolibre Inc (MELI) Shares Sold by Howland Capital Management LLC
Howland Capital Management LLC reduced its position in Mercadolibre Inc (NASDAQ:MELI) by 4.2% during the first quarter, Holdings Channel reports. The fund owned 14,264 shares of the company’s stock after selling 630 shares during the period. Howland Capital Management LLC’s holdings in Mercadolibre were worth $3,016,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in shares of Mercadolibre during the fourth quarter worth approximately $107,000. Investec Asset Management LTD purchased a new stake in shares of Mercadolibre during the fourth quarter worth approximately $173,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Mercadolibre during the third quarter worth approximately $193,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Mercadolibre during the fourth quarter worth approximately $241,000. Finally, Tyers Asset Management LLC purchased a new stake in shares of Mercadolibre during the fourth quarter worth approximately $245,000. 76.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Mercadolibre Inc (NASDAQ:MELI) traded down 1.36% during trading on Tuesday, hitting $217.48. The stock had a trading volume of 95,246 shares. Mercadolibre Inc has a 12-month low of $122.30 and a 12-month high of $221.98. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 70.43 and a beta of 2.17. The stock’s 50-day moving average is $213.13 and its 200-day moving average is $183.18.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.24. Mercadolibre had a return on equity of 38.86% and a net margin of 16.13%. The business had revenue of $256.30 million for the quarter, compared to analyst estimates of $249.16 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company’s revenue was up 41.8% on a year-over-year basis. On average, equities research analysts expect that Mercadolibre Inc will post $4.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 29th. Mercadolibre’s dividend payout ratio is currently 21.43%.
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A number of analysts have commented on the company. Barclays PLC assumed coverage on Mercadolibre in a research report on Tuesday, March 28th. They set an “overweight” rating and a $250.00 price target for the company. Zacks Investment Research cut Mercadolibre from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Stifel Nicolaus lifted their price target on Mercadolibre from $185.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, February 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $200.00 price target on shares of Mercadolibre in a research report on Tuesday, February 7th. Finally, Cowen and Company lifted their price target on Mercadolibre from $192.00 to $211.00 and gave the stock a “market perform” rating in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $206.82.
In other news, VP Stelleo Tolda sold 2,000 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $211.00, for a total transaction of $422,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by corporate insiders.
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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