Cubist Systematic Strategies LLC reduced its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 81.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,420 shares of the company’s stock after selling 15,287 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Mercadolibre were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of MELI. Smithfield Trust Co. grew its holdings in shares of 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 buying an additional 410 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Mercadolibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after buying an additional 80 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Mercadolibre during the second quarter worth about $146,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Mercadolibre during the second quarter worth about $198,000. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Mercadolibre during the third quarter worth about $213,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of Mercadolibre stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $2,744,700. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $370.66 million for the quarter, compared to analysts’ expectations of $347.29 million. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. Mercadolibre’s revenue was up 60.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. analysts anticipate that Mercadolibre Inc will post 2.42 EPS for the current fiscal year.
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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.19%. Mercadolibre’s dividend payout ratio (DPR) is 19.93%.
A number of equities research analysts have recently commented on MELI shares. Goldman Sachs Group reiterated a “neutral” rating and set a $215.00 price target on shares of Mercadolibre in a report on Tuesday, October 3rd. 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. Barclays decreased their target price on shares of Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Citigroup cut shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Wednesday. Finally, BidaskClub raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Mercadolibre currently has an average rating of “Buy” and a consensus target price of $272.13.
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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