Opera Trading Capital Takes Position in MercadoLibre, Inc. (MELI)
Opera Trading Capital acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,000 shares of the company’s stock, valued at approximately $4,661,000.
A number of other hedge funds have also bought and sold shares of the business. Sei Investments Co. boosted its position in MercadoLibre by 3.8% in the third quarter. Sei Investments Co. now owns 55,171 shares of the company’s stock worth $14,286,000 after purchasing an additional 2,041 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in MercadoLibre by 4.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,180 shares of the company’s stock worth $2,895,000 after purchasing an additional 442 shares during the last quarter. Smithfield Trust Co. boosted its position in MercadoLibre by 1,025.0% in the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after purchasing an additional 410 shares during the last quarter. Swiss National Bank boosted its position in MercadoLibre by 1.1% in the third quarter. Swiss National Bank now owns 154,500 shares of the company’s stock worth $40,005,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in MercadoLibre in the third quarter worth $233,000. 84.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of MercadoLibre, Inc. (MELI) traded down $0.52 during midday trading on Monday, reaching $270.35. The company’s stock had a trading volume of 234,368 shares, compared to its average volume of 650,068. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. The company has a market cap of $11,990.00, a price-to-earnings ratio of 77.39, a P/E/G ratio of 4.40 and a beta of 2.04. MercadoLibre, Inc. has a fifty-two week low of $148.98 and a fifty-two week high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. The firm had revenue of $370.66 million for 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 company’s revenue was up 60.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. sell-side analysts expect that MercadoLibre, Inc. will post 2.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. MercadoLibre’s dividend payout ratio (DPR) is presently 19.93%.
A number of research analysts have recently commented on the company. Credit Suisse Group upped their price target on MercadoLibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Susquehanna Bancshares Inc decreased their price objective on MercadoLibre from $275.00 to $230.00 in a research note on Friday, October 13th. BidaskClub upgraded MercadoLibre from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $268.00 price objective on shares of MercadoLibre in a research note on Monday, October 23rd. Finally, KeyCorp reiterated a “buy” rating and set a $290.00 price objective on shares of MercadoLibre in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $271.21.
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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