MercadoLibre, Inc. (MELI) Shares Sold by Sciencast Management LP
Sciencast Management LP trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,411 shares of the company’s stock after selling 299 shares during the quarter. Sciencast Management LP’s holdings in MercadoLibre were worth $354,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MELI. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in MercadoLibre during the first quarter worth $106,000. Pacer Advisors Inc. purchased a new stake in MercadoLibre during the second quarter worth $146,000. Van ECK Associates Corp boosted its position in MercadoLibre by 7.3% during the first quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after purchasing an additional 50 shares in the last quarter. Barings LLC purchased a new stake in MercadoLibre during the first quarter worth $218,000. Finally, Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in MercadoLibre during the second quarter worth $226,000. Institutional investors own 85.84% of the company’s stock.
MercadoLibre, Inc. (MELI) traded up 0.63% during trading on Monday, reaching $270.52. The company had a trading volume of 88,654 shares. MercadoLibre, Inc. has a 52-week low of $148.98 and a 52-week high of $297.95. The company has a 50-day moving average price of $264.50 and a 200 day moving average price of $257.96. The stock has a market cap of $11.95 billion, a PE ratio of 82.91 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.45). The business had revenue of $316.53 million during the quarter, compared to analyst estimates of $312.16 million. MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The business’s quarterly revenue was up 58.6% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. On average, analysts anticipate that MercadoLibre, Inc. will post $2.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. MercadoLibre’s dividend payout ratio (DPR) is presently 18.40%.
MELI has been the topic of a number of research analyst reports. BidaskClub downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) downgraded MercadoLibre from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $309.00 to $290.00 in a research report on Tuesday, June 13th. Vetr upgraded MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price on the stock in a research report on Monday, August 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $287.00 target price on shares of MercadoLibre in a research report on Thursday, July 13th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $270.00 target price on shares of MercadoLibre in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $260.13.
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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