Boston Private Wealth LLC Has $1.11 Million Holdings in Mercadolibre Inc (MELI)
Boston Private Wealth LLC lessened its stake in shares of Mercadolibre Inc (NASDAQ:MELI) by 24.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,267 shares of the company’s stock after selling 1,408 shares during the period. Boston Private Wealth LLC’s holdings in Mercadolibre were worth $1,105,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Smithfield Trust Co. grew its holdings in Mercadolibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after purchasing an additional 410 shares during the last quarter. Toronto Dominion Bank grew its holdings in Mercadolibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after purchasing an additional 80 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Mercadolibre during the second quarter valued at approximately $146,000. Ameritas Investment Partners Inc. acquired a new position in Mercadolibre during the second quarter valued at approximately $198,000. Finally, Rehmann Capital Advisory Group acquired a new position in Mercadolibre during the third quarter valued at approximately $213,000. Institutional investors own 89.63% of the company’s stock.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were purchased at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $2,744,700. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.
Shares of Mercadolibre Inc (NASDAQ MELI) opened at $272.91 on Friday. The stock has a market cap of $12,050.00, a price-to-earnings ratio of 78.61, a PEG ratio of 4.54 and a beta of 2.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. Mercadolibre Inc has a 52 week low of $150.29 and a 52 week high of $297.95.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.07. The business had revenue of $370.66 million for the quarter, compared to the consensus estimate of $347.29 million. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. Mercadolibre’s quarterly revenue was up 60.6% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. research analysts expect that Mercadolibre Inc will post 2.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. Mercadolibre’s payout ratio is 19.93%.
MELI has been the topic of several analyst reports. Vetr upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating and set a $316.69 price target on the stock in a report on Monday, August 7th. Goldman Sachs Group reiterated a “neutral” rating and set a $215.00 price target on shares of Mercadolibre in a report on Tuesday, October 3rd. J P Morgan Chase & Co reiterated a “neutral” rating and set a $270.00 price target on shares of Mercadolibre in a report on Wednesday, August 9th. Stifel Nicolaus upgraded Mercadolibre from a “hold” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Friday, August 25th. Finally, Barclays restated an “overweight” rating and issued a $275.00 price objective (down previously from $290.00) on shares of Mercadolibre in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently 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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