Smithfield Trust Co. Boosts Position in MercadoLibre, Inc. (MELI)
Smithfield Trust Co. increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1,025.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 450 shares of the company’s stock after purchasing an additional 410 shares during the quarter. Smithfield Trust Co.’s holdings in MercadoLibre were worth $116,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in MercadoLibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after acquiring an additional 80 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in MercadoLibre in the second quarter valued at approximately $146,000. Ameritas Investment Partners Inc. acquired a new stake in MercadoLibre in the second quarter valued at approximately $198,000. Rehmann Capital Advisory Group acquired a new stake in MercadoLibre in the third quarter valued at approximately $213,000. Finally, Barings LLC acquired a new stake in MercadoLibre in the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 84.06% of the company’s stock.
A number of analysts have issued reports on MELI shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $287.00 target price on shares of MercadoLibre in a research note on Thursday, July 13th. BidaskClub upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Barclays PLC reduced their target price on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc reiterated a “market perform” rating and issued a $275.00 target price on shares of MercadoLibre in a research note on Tuesday, August 1st. Finally, Vetr upgraded shares of MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price for the company in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. MercadoLibre presently has an average rating of “Buy” and a consensus target price of $271.21.
Shares of MercadoLibre, Inc. (NASDAQ MELI) traded down $1.73 during trading on Friday, hitting $264.68. 206,807 shares of the stock were exchanged, compared to its average volume of 646,446. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.42. MercadoLibre, Inc. has a twelve month low of $148.98 and a twelve month high of $297.95. The firm has a market capitalization of $11,820.00, a PE ratio of 74.31, a price-to-earnings-growth ratio of 4.13 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. MercadoLibre had a net margin of 10.91% and a return on equity of 34.78%. The business had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. During the same period in the previous year, the company earned $0.88 earnings per share. MercadoLibre’s revenue for the quarter was up 60.6% on a year-over-year basis. equities research analysts anticipate that MercadoLibre, Inc. will post 2.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Thursday, December 28th. MercadoLibre’s dividend payout ratio (DPR) is currently 19.93%.
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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