Raymond James Financial Services Advisors Inc. Buys New Stake in MercadoLibre, Inc. (MELI)
Raymond James Financial Services Advisors Inc. bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 926 shares of the company’s stock, valued at approximately $232,000.
Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in shares of MercadoLibre during the 2nd quarter worth about $146,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in shares of MercadoLibre during the 2nd quarter worth about $226,000. State of Alaska Department of Revenue acquired a new position in shares of MercadoLibre during the 2nd quarter worth about $240,000. Fox Run Management L.L.C. acquired a new position in shares of MercadoLibre during the 2nd quarter worth about $251,000. Finally, Barings LLC acquired a new position in shares of MercadoLibre in the 1st quarter valued at approximately $218,000. Institutional investors own 84.06% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $275.00 price objective (up from $260.00) on shares of MercadoLibre in a research report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $270.00 price objective on shares of MercadoLibre in a research report on Wednesday, August 9th. Zacks Investment Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Credit Suisse Group boosted their price objective on MercadoLibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $271.21.
MercadoLibre, Inc. (NASDAQ:MELI) opened at $270.87 on Friday. MercadoLibre, Inc. has a 12-month low of $148.98 and a 12-month high of $297.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.44. The firm has a market capitalization of $11,960.81, a P/E ratio of 77.39, a price-to-earnings-growth ratio of 4.31 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. MercadoLibre had a return on equity of 34.78% and a net margin of 10.91%. The firm had revenue of $370.66 million during the quarter, compared to the consensus estimate of $347.29 million. During the same quarter in the prior year, the firm posted $0.88 EPS. The business’s revenue was up 60.6% on a year-over-year basis. sell-side analysts expect that MercadoLibre, Inc. will post 2.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 28th. MercadoLibre’s dividend payout ratio (DPR) is currently 19.93%.
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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