Regal Investment Advisors LLC Takes Position in MercadoLibre, Inc. (MELI)
Regal Investment Advisors LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 828 shares of the company’s stock, valued at approximately $214,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Smithfield Trust Co. grew its holdings in shares of MercadoLibre by 1,025.0% in the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after acquiring an additional 410 shares in the last quarter. 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 purchasing an additional 80 shares during the last quarter. Pacer Advisors Inc. purchased a new position in MercadoLibre in the second quarter valued at approximately $146,000. Ameritas Investment Partners Inc. purchased a new position in MercadoLibre in the second quarter valued at approximately $198,000. Finally, Rehmann Capital Advisory Group purchased a new position in MercadoLibre in the third quarter valued at approximately $213,000. 84.92% of the stock is owned by hedge funds and other institutional investors.
Shares of MercadoLibre, Inc. (NASDAQ MELI) traded up $7.25 during trading hours on Monday, hitting $269.73. The stock had a trading volume of 676,400 shares, compared to its average volume of 647,258. MercadoLibre, Inc. has a 52-week low of $148.98 and a 52-week high of $297.95. The company has a market capitalization of $11,910.00, a PE ratio of 77.07, a P/E/G ratio of 4.45 and a beta of 2.04. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. MercadoLibre had a return on equity of 34.78% and a net margin of 10.91%. The firm had revenue of $370.66 million for the quarter, compared to analysts’ expectations of $347.29 million. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 60.6% compared to the same quarter last year. research analysts expect that MercadoLibre, Inc. will post 2.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. MercadoLibre’s dividend payout ratio (DPR) is currently 19.93%.
MELI has been the topic of several research analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $290.00 price target on shares of MercadoLibre in a report on Tuesday, October 17th. Susquehanna Bancshares Inc reaffirmed a “market perform” rating and issued a $275.00 price target on shares of MercadoLibre in a report on Tuesday, August 1st. Credit Suisse Group increased their target price on MercadoLibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price on shares of MercadoLibre in a research note on Wednesday, October 4th. Finally, Barclays PLC reduced their target price on MercadoLibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $271.21.
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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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