Oregon Public Employees Retirement Fund Has $3.51 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)
Oregon Public Employees Retirement Fund cut its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 14,000 shares of the company’s stock after selling 1,900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in MercadoLibre were worth $3,512,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Shell Asset Management Co. boosted its position in shares of MercadoLibre by 10.6% in the first quarter. Shell Asset Management Co. now owns 10,544 shares of the company’s stock valued at $2,230,000 after buying an additional 1,013 shares during the period. Acadian Asset Management LLC boosted its position in shares of MercadoLibre by 449.3% in the first quarter. Acadian Asset Management LLC now owns 231,597 shares of the company’s stock valued at $48,975,000 after buying an additional 189,432 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of MercadoLibre by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,060 shares of the company’s stock valued at $210,000 after buying an additional 31 shares during the period. Navellier & Associates Inc bought a new position in shares of MercadoLibre during the first quarter valued at about $510,000. Finally, Parametrica Management Ltd bought a new position in shares of MercadoLibre during the first quarter valued at about $339,000. 91.81% of the stock is owned by institutional investors and hedge funds.
MercadoLibre, Inc. (NASDAQ:MELI) opened at 280.26 on Monday. The company has a 50 day moving average price of $269.54 and a 200 day moving average price of $230.42. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 80.03 and a beta of 2.03. MercadoLibre, Inc. has a 52 week low of $148.71 and a 52 week high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 4th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.32. The firm had revenue of $273.90 million during the quarter, compared to the consensus estimate of $247.85 million. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The firm’s revenue was up 73.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Analysts expect that MercadoLibre, Inc. will post $4.70 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.21%. MercadoLibre’s payout ratio is currently 17.14%.
Several brokerages have recently issued reports on MELI. J P Morgan Chase & Co cut MercadoLibre from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $296.24 to $300.00 in a report on Tuesday, May 16th. Bank of America Corporation boosted their price objective on MercadoLibre from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Credit Suisse Group boosted their price objective on MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Barclays PLC decreased their price objective on MercadoLibre from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, July 19th. Finally, Citigroup Inc. cut MercadoLibre from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. MercadoLibre presently has a consensus rating of “Hold” and a consensus price target of $256.69.
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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