MercadoLibre, Inc. (MELI) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 123.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,738 shares of the company’s stock after buying an additional 5,930 shares during the period. BNP Paribas Arbitrage SA’s holdings in MercadoLibre were worth $2,694,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wedbush Securities Inc. raised its position in shares of MercadoLibre by 0.5% in the first quarter. Wedbush Securities Inc. now owns 3,125 shares of the company’s stock worth $661,000 after buying an additional 16 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of MercadoLibre by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,060 shares of the company’s stock worth $210,000 after buying an additional 31 shares during the period. Van ECK Associates Corp raised its position in shares of MercadoLibre by 7.3% in the first quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after buying an additional 50 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of MercadoLibre by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 2,300 shares of the company’s stock worth $486,000 after buying an additional 100 shares during the period. Finally, Perigon Wealth Management LLC raised its position in shares of MercadoLibre by 3.0% in the first quarter. Perigon Wealth Management LLC now owns 3,979 shares of the company’s stock worth $842,000 after buying an additional 115 shares during the period. 85.83% of the stock is currently owned by institutional investors.
MercadoLibre, Inc. (NASDAQ:MELI) opened at 240.90 on Wednesday. The company has a 50 day moving average price of $263.14 and a 200-day moving average price of $244.72. MercadoLibre, Inc. has a 52-week low of $148.98 and a 52-week high of $297.95. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 73.83 and a beta of 2.05.
MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.45. MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The business had revenue of $316.53 million during the quarter, compared to the consensus estimate of $312.16 million. During the same period last year, the business posted $0.74 earnings per share. The business’s revenue was up 58.6% on a year-over-year basis. Equities research analysts anticipate that MercadoLibre, Inc. will post $3.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, September 28th. MercadoLibre’s dividend payout ratio (DPR) is presently 18.40%.
A number of research analysts have recently commented on the company. Credit Suisse Group raised their price target on MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $275.00 price target (up from $213.00) on shares of MercadoLibre in a report on Tuesday, May 9th. BidaskClub lowered MercadoLibre from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. J P Morgan Chase & Co reissued a “neutral” rating and set a $270.00 price target on shares of MercadoLibre in a report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) cut MercadoLibre from a “buy” rating to a “neutral” rating and decreased their target price for the company from $309.00 to $290.00 in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $261.69.
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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