BNP Paribas Arbitrage SA Grows Position in MercadoLibre, Inc. (MELI)
BNP Paribas Arbitrage SA lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,180 shares of the company’s stock after purchasing an additional 442 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in MercadoLibre were worth $2,895,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its position in shares of MercadoLibre by 25.0% during the third quarter. Artemis Investment Management LLP now owns 6,490 shares of the company’s stock valued at $1,680,000 after purchasing an additional 1,298 shares in the last quarter. Crosslink Capital Inc. bought a new stake in MercadoLibre in the second quarter worth $2,316,000. AXA boosted its holdings in MercadoLibre by 186.9% in the second quarter. AXA now owns 77,470 shares of the company’s stock worth $19,436,000 after acquiring an additional 50,470 shares in the last quarter. KBC Group NV boosted its holdings in MercadoLibre by 54.2% in the second quarter. KBC Group NV now owns 5,082 shares of the company’s stock worth $1,275,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Westpac Banking Corp boosted its holdings in MercadoLibre by 774.0% in the second quarter. Westpac Banking Corp now owns 29,811 shares of the company’s stock worth $7,479,000 after acquiring an additional 26,400 shares in the last quarter. Institutional investors own 84.92% of the company’s stock.
MercadoLibre, Inc. (NASDAQ:MELI) opened at $265.84 on Tuesday. The firm has a market capitalization of $11,740.00, a PE ratio of 77.07, a PEG ratio of 4.45 and a beta of 2.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. MercadoLibre, Inc. has a one year low of $148.98 and a one year high of $297.95.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $370.66 million during the quarter, compared to analyst estimates of $347.29 million. MercadoLibre had a return on equity of 34.78% and a net margin of 10.91%. The business’s quarterly revenue was up 60.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. research analysts forecast that MercadoLibre, Inc. will post 2.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be paid a $0.15 dividend. 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 Thursday, December 28th. MercadoLibre’s dividend payout ratio (DPR) is 19.93%.
Several equities research analysts have commented on the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a $270.00 target price on shares of MercadoLibre in a report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating and issued a $275.00 target price (down from $290.00) on shares of MercadoLibre in a report on Friday, August 4th. Vetr raised MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 price target on the stock in a report on Monday, August 7th. BidaskClub downgraded MercadoLibre from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc lowered their price target on MercadoLibre from $275.00 to $230.00 in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. MercadoLibre currently has a consensus rating of “Buy” and a consensus price target of $271.21.
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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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