MercadoLibre, Inc. (MELI) Shares Sold by Stifel Financial Corp
Stifel Financial Corp cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,165 shares of the company’s stock after selling 291 shares during the period. Stifel Financial Corp’s holdings in MercadoLibre were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Wedbush Securities Inc. raised its position in shares of MercadoLibre by 1.8% in the 2nd quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock worth $798,000 after acquiring an additional 55 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of MercadoLibre by 4.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 2,300 shares of the company’s stock worth $486,000 after acquiring an additional 100 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of MercadoLibre by 3.0% in the 1st quarter. Perigon Wealth Management LLC now owns 3,979 shares of the company’s stock worth $842,000 after acquiring an additional 115 shares in the last quarter. Creative Planning raised its position in shares of MercadoLibre by 12.5% in the 2nd quarter. Creative Planning now owns 1,695 shares of the company’s stock worth $425,000 after acquiring an additional 188 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of MercadoLibre by 51.0% in the 2nd quarter. D.A. Davidson & CO. now owns 1,095 shares of the company’s stock worth $274,000 after acquiring an additional 370 shares in the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on MELI. Susquehanna Bancshares Inc lowered their price objective on MercadoLibre from $275.00 to $230.00 in a research report on Friday, October 13th. BidaskClub raised MercadoLibre from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. KeyCorp reaffirmed a “buy” rating and issued a $290.00 target price on shares of MercadoLibre in a research report on Tuesday. Citigroup Inc. lowered MercadoLibre from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Friday, June 23rd. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $290.00 target price on shares of MercadoLibre in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $259.05.
MercadoLibre, Inc. (NASDAQ:MELI) opened at 234.79 on Wednesday. The firm has a market cap of $10.37 billion, a P/E ratio of 71.96 and a beta of 2.03. MercadoLibre, Inc. has a 1-year low of $148.98 and a 1-year high of $297.95. The firm’s 50-day moving average price is $267.99 and its 200-day moving average price is $260.51.
MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.45). MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The business had revenue of $316.53 million for the quarter, compared to the consensus estimate of $312.16 million. During the same period in the prior year, the business posted $0.74 EPS. MercadoLibre’s revenue for the quarter was up 58.6% on a year-over-year basis. Equities research analysts anticipate that MercadoLibre, Inc. will post $2.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Thursday, September 28th. MercadoLibre’s dividend payout ratio is 18.40%.
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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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