Dorsey Wright & Associates bought a new stake in Mercadolibre Inc (NASDAQ:MELI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,261 shares of the company’s stock, valued at approximately $5,196,000.
Several other large investors have also recently modified their holdings of MELI. Flossbach Von Storch AG lifted its position in Mercadolibre by 4.5% during the 2nd quarter. Flossbach Von Storch AG now owns 3,500 shares of the company’s stock worth $1,046,000 after buying an additional 150 shares in the last quarter. First Mercantile Trust Co. lifted its position in Mercadolibre by 5.3% during the 2nd quarter. First Mercantile Trust Co. now owns 4,000 shares of the company’s stock worth $1,196,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mercadolibre by 1.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,962 shares of the company’s stock worth $3,277,000 after buying an additional 207 shares in the last quarter. Mitchell Capital Management Co. lifted its position in Mercadolibre by 27.6% during the 2nd quarter. Mitchell Capital Management Co. now owns 1,151 shares of the company’s stock worth $344,000 after buying an additional 249 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Mercadolibre by 14.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,359 shares of the company’s stock worth $705,000 after buying an additional 305 shares in the last quarter. Institutional investors own 95.24% of the company’s stock.
Shares of NASDAQ:MELI opened at $303.42 on Friday. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 119.93 and a beta of 2.03. Mercadolibre Inc has a 1-year low of $217.06 and a 1-year high of $417.91. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.15 and a quick ratio of 1.15.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). The firm had revenue of $335.40 million for the quarter, compared to the consensus estimate of $333.98 million. Mercadolibre had a positive return on equity of 4.32% and a negative net margin of 4.39%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, sell-side analysts expect that Mercadolibre Inc will post -0.48 EPS for the current year.
Several analysts have weighed in on the company. Barclays boosted their price objective on Mercadolibre from $365.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Stifel Nicolaus boosted their price objective on Mercadolibre from $360.00 to $380.00 and gave the stock a “hold” rating in a report on Thursday, August 9th. BidaskClub raised Mercadolibre from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine cut Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 11th. Finally, Zacks Investment Research cut Mercadolibre from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $356.92.
Mercadolibre Company Profile
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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