Mercadolibre Inc (NASDAQ:MELI) declared a quarterly dividend on Friday, March 17th. Investors of record on Friday, March 31st will be given a dividend of 0.15 per share on Monday, April 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, March 29th.
Mercadolibre (NASDAQ:MELI) opened at 211.57 on Tuesday. The firm has a market capitalization of $9.34 billion, a PE ratio of 68.51 and a beta of 2.17. Mercadolibre has a 1-year low of $114.07 and a 1-year high of $218.75. The company has a 50 day moving average of $205.32 and a 200 day moving average of $179.63.
Mercadolibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 23rd. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.24. The firm had revenue of $256.30 million for the quarter, compared to analysts’ expectations of $249.16 million. Mercadolibre had a net margin of 16.13% and a return on equity of 38.86%. The firm’s revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Analysts forecast that Mercadolibre will post $4.31 EPS for the current year.
In other Mercadolibre news, VP Stelleo Tolda sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $211.00, for a total transaction of $422,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Mercadolibre stock. Dimensional Fund Advisors LP raised its position in Mercadolibre Inc (NASDAQ:MELI) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,149 shares of the company’s stock after buying an additional 11 shares during the period. Dimensional Fund Advisors LP’s holdings in Mercadolibre were worth $336,000 at the end of the most recent reporting period. Institutional investors own 76.61% of the company’s stock.
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. set a $250.00 price objective on shares of Mercadolibre and gave the stock a “buy” rating in a report on Monday, March 20th. Stifel Nicolaus raised their price objective on shares of Mercadolibre from $185.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, February 24th. Cowen and Company raised their price objective on shares of Mercadolibre from $192.00 to $211.00 and gave the stock a “market perform” rating in a report on Friday, February 24th. Pacific Crest assumed coverage on shares of Mercadolibre in a report on Friday, February 17th. They set an “overweight” rating and a $210.00 price objective on the stock. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $200.00 price objective on shares of Mercadolibre in a report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $202.50.
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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