MercadoLibre SA (MELI) Shares Bought by Fis Group Inc.
Fis Group Inc. raised its position in MercadoLibre SA (NASDAQ:MELI) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,437 shares of the company’s stock after buying an additional 16 shares during the period. Fis Group Inc.’s holdings in MercadoLibre SA were worth $1,559,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in MercadoLibre SA by 16.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,814 shares of the company’s stock worth $1,157,000 after buying an additional 1,370 shares in the last quarter. LPL Financial LLC boosted its position in MercadoLibre SA by 35.8% in the first quarter. LPL Financial LLC now owns 7,751 shares of the company’s stock worth $908,000 after buying an additional 2,043 shares in the last quarter. Avalon Advisors LLC acquired a new position in MercadoLibre SA during the first quarter worth approximately $201,000. BlueMountain Capital Management LLC acquired a new position in MercadoLibre SA during the first quarter worth approximately $525,000. Finally, Creative Planning boosted its position in MercadoLibre SA by 18.4% in the second quarter. Creative Planning now owns 1,126 shares of the company’s stock worth $158,000 after buying an additional 175 shares in the last quarter. 72.17% of the stock is currently owned by institutional investors.
MercadoLibre SA (NASDAQ:MELI) traded down 0.82% during trading on Monday, hitting $161.86. The stock had a trading volume of 537,466 shares. MercadoLibre SA has a 12 month low of $84.19 and a 12 month high of $193.58. The company has a market cap of $7.15 billion, a PE ratio of 57.64 and a beta of 2.14. The company’s 50 day moving average is $167.58 and its 200-day moving average is $159.30.
MercadoLibre SA (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. MercadoLibre SA had a return on equity of 38.86% and a net margin of 16.13%. The company had revenue of $230.85 million for the quarter, compared to analyst estimates of $223.42 million. During the same period last year, the company earned $1.03 earnings per share. MercadoLibre SA’s quarterly revenue was up 36.9% compared to the same quarter last year. On average, equities research analysts predict that MercadoLibre SA will post $2.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Saturday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, December 28th. MercadoLibre SA’s payout ratio is currently 21.43%.
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MELI has been the topic of a number of research analyst reports. Piper Jaffray Cos. boosted their price target on MercadoLibre SA from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Goldman Sachs Group Inc. initiated coverage on MercadoLibre SA in a report on Tuesday, August 9th. They set a “neutral” rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. raised MercadoLibre SA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $173.68 to $200.00 in a report on Friday, September 2nd. Zacks Investment Research raised MercadoLibre SA from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective on the stock in a report on Wednesday, October 5th. Finally, Stifel Nicolaus upped their price objective on MercadoLibre SA from $150.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. MercadoLibre SA presently has a consensus rating of “Hold” and a consensus target price of $166.11.
In other MercadoLibre SA news, major shareholder Ebay Inc sold 7,100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $168.00, for a total value of $1,192,800,000.00. Following the sale, the insider now directly owns 1,026,062 shares of the company’s stock, valued at $172,378,416. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is owned by company insiders.
MercadoLibre SA Company Profile
MercadoLibre, Inc (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America.
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