Paulson & CO. Inc. Sells 11,000 Shares of MercadoLibre, Inc. (MELI)

Paulson & CO. Inc. cut its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 28.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,400 shares of the company’s stock after selling 11,000 shares during the period. Paulson & CO. Inc.’s holdings in MercadoLibre were worth $5,794,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its stake in shares of MercadoLibre by 374.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,534 shares of the company’s stock valued at $864,000 after buying an additional 4,368 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of MercadoLibre during the fourth quarter valued at about $344,000. State Street Corp increased its stake in shares of MercadoLibre by 671.4% in the fourth quarter. State Street Corp now owns 245,853 shares of the company’s stock valued at $38,391,000 after buying an additional 213,980 shares during the period. Van ECK Associates Corp purchased a new stake in shares of MercadoLibre during the fourth quarter valued at about $107,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of MercadoLibre by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,149 shares of the company’s stock valued at $336,000 after buying an additional 11 shares during the period. Institutional investors own 91.35% of the company’s stock.

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Shares of MercadoLibre, Inc. (NASDAQ:MELI) traded up 0.06% during midday trading on Friday, reaching $263.45. 1,535,635 shares of the company’s stock traded hands. MercadoLibre, Inc. has a 12 month low of $126.10 and a 12 month high of $297.95. The firm has a market cap of $11.63 billion, a PE ratio of 75.23 and a beta of 2.01. The stock has a 50-day moving average price of $271.89 and a 200 day moving average price of $211.41.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, May 4th. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.32. The firm had revenue of $273.90 million for the quarter, compared to analysts’ expectations of $247.85 million. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The company’s quarterly revenue was up 73.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. Equities research analysts predict that MercadoLibre, Inc. will post $4.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, June 28th. MercadoLibre’s payout ratio is currently 17.14%.

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Several brokerages recently issued reports on MELI. Barclays PLC raised their target price on shares of MercadoLibre from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and cut their target price for the company from $309.00 to $290.00 in a research note on Tuesday. Stifel Nicolaus raised their target price on shares of MercadoLibre from $185.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, February 24th. Cowen and Company raised their target price on shares of MercadoLibre from $192.00 to $211.00 and gave the company a “market perform” rating in a research note on Friday, February 24th. Finally, Pacific Crest began coverage on shares of MercadoLibre in a research note on Friday, February 17th. They issued an “overweight” rating and a $210.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $248.33.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MELI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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