MercadoLibre, Inc. (MELI) Shares Sold by Stevens Capital Management LP
Stevens Capital Management LP decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 74.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,940 shares of the company’s stock after selling 11,362 shares during the period. Stevens Capital Management LP’s holdings in MercadoLibre were worth $1,020,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in MELI. Vanguard Group Inc. boosted its holdings in shares of MercadoLibre by 21.5% during the 1st quarter. Vanguard Group Inc. now owns 180,912 shares of the company’s stock worth $38,258,000 after buying an additional 32,047 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MercadoLibre by 10.7% during the 1st quarter. Geode Capital Management LLC now owns 68,765 shares of the company’s stock worth $14,517,000 after buying an additional 6,627 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of MercadoLibre by 33.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,874 shares of the company’s stock worth $608,000 after buying an additional 725 shares during the period. State Street Corp boosted its holdings in shares of MercadoLibre by 11.7% during the 1st quarter. State Street Corp now owns 274,580 shares of the company’s stock worth $58,057,000 after buying an additional 28,727 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of MercadoLibre during the 1st quarter worth about $1,217,000. 84.57% of the stock is owned by institutional investors and hedge funds.
Shares of MercadoLibre, Inc. (NASDAQ:MELI) opened at $262.49 on Wednesday. MercadoLibre, Inc. has a twelve month low of $148.98 and a twelve month high of $297.95. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The firm has a market cap of $11,793.55, a P/E ratio of 76.31, a PEG ratio of 4.41 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. MercadoLibre had a net margin of 10.91% and a return on equity of 34.78%. The company 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 firm’s quarterly revenue was up 60.6% on a year-over-year basis. research analysts forecast that MercadoLibre, Inc. will post 2.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Thursday, December 28th. MercadoLibre’s dividend payout ratio (DPR) is presently 19.93%.
A number of research firms have issued reports on MELI. Vetr raised shares of MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 price objective for the company in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $215.00 price objective on shares of MercadoLibre in a report on Tuesday, October 3rd. J P Morgan Chase & Co reissued a “neutral” rating and issued a $270.00 price objective on shares of MercadoLibre in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “market perform” rating and issued a $275.00 price objective on shares of MercadoLibre in a report on Tuesday, August 1st. Finally, Stifel Nicolaus raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $275.00 price objective for the company in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. MercadoLibre presently has a consensus rating of “Buy” and a consensus price target of $271.21.
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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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