Stephens Inc. AR Has $571,000 Stake in Mercadolibre Inc (MELI)

Stephens Inc. AR cut its stake in Mercadolibre Inc (NASDAQ:MELI) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,699 shares of the company’s stock after selling 2 shares during the period. Stephens Inc. AR’s holdings in Mercadolibre were worth $571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marietta Investment Partners LLC bought a new position in Mercadolibre during the first quarter valued at approximately $1,005,000. Stephens Investment Management Group LLC increased its position in Mercadolibre by 8.4% in the first quarter. Stephens Investment Management Group LLC now owns 186,285 shares of the company’s stock valued at $39,394,000 after buying an additional 14,376 shares in the last quarter. California Public Employees Retirement System increased its position in Mercadolibre by 25.0% in the first quarter. California Public Employees Retirement System now owns 87,000 shares of the company’s stock valued at $18,398,000 after buying an additional 17,400 shares in the last quarter. FIL Ltd increased its position in Mercadolibre by 14.3% in the first quarter. FIL Ltd now owns 34,716 shares of the company’s stock valued at $7,341,000 after buying an additional 4,347 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Mercadolibre by 279.5% in the first quarter. Wellington Management Group LLP now owns 54,137 shares of the company’s stock valued at $11,448,000 after buying an additional 39,873 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.

Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

Mercadolibre Inc (MELI) opened at 280.04 on Wednesday. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 79.97 and a beta of 2.17. Mercadolibre Inc has a 12-month low of $126.10 and a 12-month high of $297.95. The stock’s 50 day moving average is $261.84 and its 200 day moving average is $206.74.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 4th. The company reported $1.10 earnings per share (EPS) 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 the consensus estimate of $247.85 million. Mercadolibre had a net margin of 16.13% and a return on equity of 38.86%. The company’s quarterly revenue was up 73.8% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Equities analysts predict that Mercadolibre Inc will post $4.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.60 annualized dividend and a yield of 0.21%. Mercadolibre’s dividend payout ratio (DPR) is 21.43%.

TRADEMARK VIOLATION WARNING: This article was posted by Mideast Time and is the sole property of of Mideast Time. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.mideasttime.com/stephens-inc-ar-has-571000-stake-in-mercadolibre-inc-meli/1758582.html.

Several research analysts have recently commented on the company. Bank of America Corp lifted their price objective on Mercadolibre from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. JPMorgan Chase & Co. cut Mercadolibre from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $296.24 to $300.00 in a research note on Tuesday, May 16th. Credit Suisse Group AG raised their target price on Mercadolibre from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $275.00 target price (up from $213.00) on shares of Mercadolibre in a research note on Tuesday, May 9th. Finally, Barclays PLC reissued a “buy” rating and issued a $275.00 target price on shares of Mercadolibre in a research note on Sunday, May 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Mercadolibre has an average rating of “Buy” and a consensus target price of $238.75.

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 value of $422,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

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”});

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercadolibre Inc (NASDAQ:MELI).

Receive News & Ratings for Mercadolibre Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.