Mercadolibre Inc (MELI) Shares Sold by Macquarie Group Ltd.
Macquarie Group Ltd. lowered its position in Mercadolibre Inc (NASDAQ:MELI) by 73.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,481 shares of the company’s stock after selling 12,258 shares during the period. Macquarie Group Ltd.’s holdings in Mercadolibre were worth $1,160,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Mercadolibre by 21.5% in the 1st quarter. Vanguard Group Inc. now owns 180,912 shares of the company’s stock worth $38,258,000 after purchasing an additional 32,047 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mercadolibre by 33.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,874 shares of the company’s stock worth $608,000 after purchasing an additional 725 shares during the last quarter. Aperio Group LLC raised its position in Mercadolibre by 53.0% in the 2nd quarter. Aperio Group LLC now owns 2,420 shares of the company’s stock worth $607,000 after purchasing an additional 838 shares during the last quarter. Strs Ohio raised its position in Mercadolibre by 361.1% in the 2nd quarter. Strs Ohio now owns 2,536 shares of the company’s stock worth $636,000 after purchasing an additional 1,986 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Mercadolibre in the 2nd quarter worth approximately $347,000. Institutional investors own 89.60% of the company’s stock.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the stock in a transaction on Monday, November 27th. The stock was purchased at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.
Several research analysts recently weighed in on MELI shares. Susquehanna Bancshares dropped their price objective on shares of Mercadolibre from $275.00 to $230.00 in a research report on Friday, October 13th. Stifel Nicolaus upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Friday, August 25th. Piper Jaffray Companies restated a “buy” rating and issued a $268.00 price objective on shares of Mercadolibre in a research report on Monday, October 23rd. KeyCorp restated a “buy” rating and issued a $290.00 price objective on shares of Mercadolibre in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $215.00 price objective on shares of Mercadolibre in a research report on Tuesday, October 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $271.21.
Shares of Mercadolibre Inc (NASDAQ:MELI) opened at $276.45 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. Mercadolibre Inc has a fifty-two week low of $150.29 and a fifty-two week high of $297.95. The company has a market cap of $12,040.00, a price-to-earnings ratio of 77.77, a price-to-earnings-growth ratio of 4.49 and a beta of 2.05.
Mercadolibre (NASDAQ:MELI) last released its earnings results on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The firm had revenue of $370.66 million during the quarter, compared to analyst estimates of $347.29 million. During the same quarter in the previous year, the business earned $0.88 EPS. The business’s quarterly revenue was up 60.6% compared to the same quarter last year. equities analysts forecast that Mercadolibre Inc will post 2.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders 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 yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 28th. Mercadolibre’s dividend payout ratio is presently 19.93%.
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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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