Dynamo Internacional Gestao DE Recursos LTDA. trimmed its stake in Mercadolibre Inc (NASDAQ:MELI) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,022 shares of the company’s stock after selling 6,826 shares during the period. Mercadolibre comprises about 15.6% of Dynamo Internacional Gestao DE Recursos LTDA.’s investment portfolio, making the stock its 3rd biggest position. Dynamo Internacional Gestao DE Recursos LTDA. owned about 0.77% of Mercadolibre worth $107,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in MELI. Eqis Capital Management Inc. grew its position in shares of Mercadolibre by 2.2% during the 4th quarter. Eqis Capital Management Inc. now owns 7,065 shares of the company’s stock worth $2,223,000 after buying an additional 153 shares during the period. Parametrica Management Ltd grew its holdings in Mercadolibre by 17.9% during the fourth quarter. Parametrica Management Ltd now owns 1,214 shares of the company’s stock valued at $382,000 after purchasing an additional 184 shares during the period. Dumac Inc. lifted its stake in Mercadolibre by 105.6% in the fourth quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after buying an additional 190 shares in the last quarter. Pier 88 Investment Partners LLC lifted its stake in Mercadolibre by 10.7% in the fourth quarter. Pier 88 Investment Partners LLC now owns 2,020 shares of the company’s stock valued at $636,000 after buying an additional 195 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Mercadolibre by 17.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,489 shares of the company’s stock worth $469,000 after purchasing an additional 217 shares in the last quarter. 92.19% of the stock is owned by institutional investors.
Mercadolibre Inc (NASDAQ:MELI) traded down $1.44 during trading hours on Wednesday, reaching $404.97. The company had a trading volume of 315,618 shares, compared to its average volume of 648,020. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.96. Mercadolibre Inc has a one year low of $203.36 and a one year high of $417.91. The company has a market cap of $17,850.00, a P/E ratio of 1,396.45 and a beta of 2.07.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million during the quarter, compared to the consensus estimate of $404.74 million. Mercadolibre had a net margin of 0.99% and a return on equity of 26.75%. research analysts anticipate that Mercadolibre Inc will post 2.4 EPS for the current fiscal year.
MELI has been the topic of several analyst reports. BidaskClub lowered shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target on the stock in a research note on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $415.00 price objective (up previously from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. ValuEngine raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet lowered shares of Mercadolibre from a “b” rating to a “c” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $330.98.
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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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