Koch Industries Inc. trimmed its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,462 shares of the company’s stock after selling 608 shares during the quarter. Koch Industries Inc.’s holdings in Mercadolibre were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of MELI. Ark Investment Management LLC grew its position in Mercadolibre by 8.9% during the second quarter. Ark Investment Management LLC now owns 16,870 shares of the company’s stock worth $4,232,000 after buying an additional 1,384 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Mercadolibre by 23.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,542 shares of the company’s stock worth $889,000 after buying an additional 668 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Mercadolibre during the second quarter worth about $232,000. California State Teachers Retirement System purchased a new position in Mercadolibre during the second quarter worth about $446,000. Finally, APG Asset Management N.V. grew its position in Mercadolibre by 135.3% during the third quarter. APG Asset Management N.V. now owns 8,000 shares of the company’s stock worth $2,071,000 after buying an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 92.19% of the company’s stock.
MELI has been the subject of several recent analyst reports. Piper Jaffray Companies boosted their target price on Mercadolibre from $268.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. BidaskClub upgraded Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Citigroup cut Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. in a report on Wednesday, December 20th. Deutsche Bank set a $335.00 price objective on Mercadolibre and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $385.00 price objective (up from $380.00) on shares of Mercadolibre in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Mercadolibre has a consensus rating of “Buy” and an average target price of $330.98.
Shares of Mercadolibre Inc (NASDAQ MELI) traded down $1.44 during mid-day trading on Wednesday, reaching $404.97. The company had a trading volume of 315,620 shares, compared to its average volume of 735,351. The stock has a market cap of $17,880.00, a PE ratio of 1,396.45 and a beta of 2.07. Mercadolibre Inc has a 52 week low of $203.36 and a 52 week high of $417.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.33 and a quick ratio of 1.33.
Mercadolibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million for the quarter, compared to analysts’ expectations 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.
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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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