Bank of Montreal Can cut its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,323 shares of the company’s stock after selling 1,432 shares during the quarter. Bank of Montreal Can’s holdings in Mercadolibre were worth $5,241,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Carroll Financial Associates Inc. grew its holdings in Mercadolibre by 59.5% in the 1st quarter. Carroll Financial Associates Inc. now owns 67 shares of the company’s stock valued at $34,000 after buying an additional 25 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Mercadolibre by 4.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 859 shares of the company’s stock valued at $292,000 after buying an additional 35 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in Mercadolibre by 76.4% in the 1st quarter. Capital Investment Advisory Services LLC now owns 97 shares of the company’s stock valued at $49,000 after buying an additional 42 shares in the last quarter. Gardiner Nancy B grew its holdings in Mercadolibre by 5.6% in the 4th quarter. Gardiner Nancy B now owns 950 shares of the company’s stock valued at $278,000 after buying an additional 50 shares in the last quarter. Finally, Pier 88 Investment Partners LLC grew its holdings in Mercadolibre by 9.8% in the 4th quarter. Pier 88 Investment Partners LLC now owns 561 shares of the company’s stock valued at $164,000 after buying an additional 50 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:MELI opened at $557.84 on Friday. The firm has a market cap of $26.76 billion, a PE ratio of -680.29 and a beta of 2.14. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.34. Mercadolibre Inc has a fifty-two week low of $257.52 and a fifty-two week high of $589.56.
Mercadolibre (NASDAQ:MELI) last released its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.14. Mercadolibre had a negative return on equity of 1.55% and a negative net margin of 0.74%. The firm had revenue of $474.00 million during the quarter, compared to the consensus estimate of $423.19 million. During the same period in the prior year, the company posted ($0.29) EPS. The company’s revenue was up 47.7% compared to the same quarter last year. On average, research analysts expect that Mercadolibre Inc will post 0.91 earnings per share for the current year.
In other Mercadolibre news, Director Emiliano Calemzuk acquired 120 shares of the company’s stock in a transaction that occurred on Saturday, March 9th. The stock was acquired at an average cost of $414.14 per share, for a total transaction of $49,696.80. Following the transaction, the director now directly owns 2,669 shares in the company, valued at $1,105,339.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is owned by corporate insiders.
A number of research analysts have commented on the company. BidaskClub lowered Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Friday, April 19th. Stifel Nicolaus upped their target price on Mercadolibre from $500.00 to $560.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded Mercadolibre from a “hold” rating to a “buy” rating and set a $608.00 target price for the company in a research report on Friday. Barclays reiterated a “buy” rating on shares of Mercadolibre in a research report on Sunday, May 5th. Finally, Bank of America reiterated a “buy” rating and set a $600.00 target price on shares of Mercadolibre in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $481.07.
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.
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