Several other research analysts also recently commented on MELI. BidaskClub downgraded shares of MercadoLibre from a buy rating to a hold rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a hold rating and set a $275.00 price objective (up from $260.00) on shares of MercadoLibre in a research report on Wednesday, August 9th. J P Morgan Chase & Co restated a neutral rating and set a $270.00 price objective on shares of MercadoLibre in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of MercadoLibre from a hold rating to a strong sell rating in a research report on Wednesday, August 9th. Finally, KeyCorp restated a buy rating and set a $290.00 price objective on shares of MercadoLibre in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $264.28.
MercadoLibre (NASDAQ:MELI) traded up 2.48% during midday trading on Monday, reaching $240.31. The company had a trading volume of 436,502 shares. The stock’s 50 day moving average is $260.91 and its 200 day moving average is $261.76. The company has a market capitalization of $10.61 billion, a PE ratio of 73.65 and a beta of 2.04. MercadoLibre has a one year low of $148.98 and a one year high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.45). MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The firm had revenue of $316.53 million for the quarter, compared to analyst estimates of $312.16 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 58.6% on a year-over-year basis. Equities research analysts forecast that MercadoLibre will post $2.76 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. MercadoLibre’s payout ratio is presently 18.40%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. grew its stake in shares of MercadoLibre by 1.8% during the second quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock worth $798,000 after buying an additional 55 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of MercadoLibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after purchasing an additional 80 shares during the last quarter. Cookson Peirce & Co. Inc. grew its stake in shares of MercadoLibre by 0.9% in the second quarter. Cookson Peirce & Co. Inc. now owns 18,750 shares of the company’s stock worth $4,704,000 after purchasing an additional 170 shares during the last quarter. Creative Planning grew its stake in shares of MercadoLibre by 12.5% in the second quarter. Creative Planning now owns 1,695 shares of the company’s stock worth $425,000 after purchasing an additional 188 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of MercadoLibre by 1.4% in the third quarter. First Trust Advisors LP now owns 23,336 shares of the company’s stock worth $6,042,000 after purchasing an additional 331 shares during the last quarter. 83.92% of the stock is currently owned by hedge funds and other institutional investors.
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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