Jackson Square Partners LLC Has $55.84 Million Stake in Mercadolibre Inc (MELI)
Jackson Square Partners LLC trimmed its position in Mercadolibre Inc (NASDAQ:MELI) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,665 shares of the company’s stock after selling 8,466 shares during the quarter. Jackson Square Partners LLC owned about 0.49% of Mercadolibre worth $55,842,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Smithfield Trust Co. increased its position in Mercadolibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after acquiring an additional 410 shares during the period. Toronto Dominion Bank increased its position in Mercadolibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after acquiring an additional 80 shares during the period. Pacer Advisors Inc. bought a new position in Mercadolibre during the second quarter worth $146,000. Ameritas Investment Partners Inc. bought a new position in Mercadolibre during the second quarter worth $198,000. Finally, Rehmann Capital Advisory Group bought a new position in Mercadolibre during the third quarter worth $213,000. Institutional investors and hedge funds own 89.60% of the company’s stock.
Shares of Mercadolibre Inc (NASDAQ MELI) opened at $272.68 on Friday. The stock has a market cap of $12,020.07, a price-to-earnings ratio of 77.77, a price-to-earnings-growth ratio of 4.49 and a beta of 2.05. 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 Inc has a fifty-two week low of $150.29 and a fifty-two week high of $297.95.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, December 28th. Mercadolibre’s dividend payout ratio (DPR) is presently 19.93%.
In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $2,744,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company’s stock.
MELI has been the topic of a number of research reports. Stifel Nicolaus raised shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $275.00 target price on the stock in a research report on Friday, August 25th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $215.00 target price on shares of Mercadolibre in a research report on Tuesday, October 3rd. Susquehanna Bancshares dropped their target price on shares of Mercadolibre from $275.00 to $230.00 in a research report on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and set a $290.00 target price on shares of Mercadolibre in a research report on Tuesday, October 17th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $268.00 target price on shares of Mercadolibre in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price 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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