Wasatch Advisors Inc. Trims Stake in Mercadolibre Inc (MELI)
Wasatch Advisors Inc. trimmed its position in shares of Mercadolibre Inc (NASDAQ:MELI) by 72.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,166 shares of the company’s stock after selling 229,145 shares during the quarter. Wasatch Advisors Inc.’s holdings in Mercadolibre were worth $27,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP lifted its holdings in shares of Mercadolibre by 25.0% during the 3rd quarter. Artemis Investment Management LLP now owns 6,490 shares of the company’s stock valued at $1,680,000 after buying an additional 1,298 shares during the last quarter. Crosslink Capital Inc. acquired a new stake in shares of Mercadolibre during the 2nd quarter valued at about $2,316,000. Chiron Investment Management LLC lifted its holdings in shares of Mercadolibre by 113.6% during the 2nd quarter. Chiron Investment Management LLC now owns 45,500 shares of the company’s stock valued at $11,415,000 after buying an additional 24,200 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Mercadolibre by 74,180.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,428 shares of the company’s stock valued at $484,000 after buying an additional 7,418 shares during the last quarter. Finally, Carmignac Gestion lifted its holdings in shares of Mercadolibre by 6.3% during the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after buying an additional 144,451 shares during the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.
Mercadolibre Inc (MELI) opened at $339.85 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Mercadolibre Inc has a one year low of $172.85 and a one year high of $348.17. The firm has a market capitalization of $15,122.57, a P/E ratio of 112.91, a P/E/G ratio of 4.78 and a beta of 2.05.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.18%. The ex-dividend date was Thursday, December 28th. Mercadolibre’s dividend payout ratio is currently 19.93%.
MELI has been the subject of several research reports. Deutsche Bank set a $335.00 price target on Mercadolibre and gave the company a “hold” rating in a report on Thursday, January 4th. Goldman Sachs Group reissued a “neutral” rating and issued a $215.00 price objective on shares of Mercadolibre in a research note on Tuesday, October 3rd. Barclays cut their price objective on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. Citigroup downgraded Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective on shares of Mercadolibre in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $276.98.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $2,744,700. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.
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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