Nomura Holdings Inc. Has $585,000 Stake in MercadoLibre, Inc. (MELI)
Nomura Holdings Inc. trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 99.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,331 shares of the company’s stock after selling 659,536 shares during the quarter. Nomura Holdings Inc.’s holdings in MercadoLibre were worth $585,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of MercadoLibre during the second quarter worth about $446,000. Bank of Nova Scotia purchased a new stake in shares of MercadoLibre during the second quarter worth about $10,111,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of MercadoLibre during the second quarter worth about $232,000. Arrowstreet Capital Limited Partnership increased its position in shares of MercadoLibre by 127.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 32,700 shares of the company’s stock worth $8,204,000 after acquiring an additional 18,300 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of MercadoLibre during the second quarter worth about $351,000. 85.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of MercadoLibre, Inc. (NASDAQ MELI) opened at 236.00 on Friday. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 72.33 and a beta of 2.03. MercadoLibre, Inc. has a one year low of $148.98 and a one year high of $297.95. The company has a 50-day moving average price of $266.51 and a 200 day moving average price of $260.52.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.45). The firm had revenue of $316.53 million for the quarter, compared to the consensus estimate of $312.16 million. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The firm’s revenue was up 58.6% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. On average, analysts forecast that MercadoLibre, Inc. will post $2.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, September 28th. MercadoLibre’s dividend payout ratio is currently 18.40%.
A number of analysts have recently issued reports on the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $270.00 target price on shares of MercadoLibre in a research report on Wednesday, August 9th. Barclays PLC reaffirmed an “overweight” rating and set a $275.00 target price (down from $290.00) on shares of MercadoLibre in a research report on Friday, August 4th. BidaskClub lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Vetr raised 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. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $287.00 target price on shares of MercadoLibre in a research report on Thursday, July 13th. Two investment analysts have 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 company currently has an average rating of “Hold” and an average price target of $259.05.
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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