Economy

MercadoLibre, Inc. (NASDAQ:MELI) Experiences Lighter than Usual Trading Volume

The fund owned 22,644 shares of the company's stock after selling 907 shares during the period. Ardevora Asset Management LLP acquired a new stake in MercadoLibre in the 2nd quarter worth about $42,599,000. Glynn Capital Management LLC owned about 0.09% of MercadoLibre worth $10,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV raised its holdings in shares of MercadoLibre by 54.2% in the second quarter. Finally, Harding Loevner LP increased its holdings in MercadoLibre by 1.7% in the 2nd quarter. Stephens Inc. AR now owns 2,816 shares of the company's stock valued at $396,000 after buying an additional 413 shares in the last quarter. In addition, the Company operates a real estate classified platform that covers some areas of State of Florida, in the United States. There has been an observed change of 0.00% in the ownership of the shares in the past six months. Renaissance Technologies LLC boosted its holdings in MercadoLibre by 246.4% in the 2nd quarter. Clearbridge Investments LLC now owns 570,066 shares of the company's stock valued at $120,552,000 after acquiring an additional 114,824 shares during the last quarter.

What Historical Figures Say About Mercadolibre, Inc. Sanctuary Wealth Advsrs Lc has 2.76% invested in Mercadolibre Inc (NASDAQ:MELI) for 12,581 shares.

MercadoLibre, Inc.'s P/E ratio is 83.86 and the market value is 12.08B. The company's 50 day moving average price is $265.86 and its 200-day moving average price is $260.63.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, August 3rd.

EPS Estimate for the next year is 4.21. Net profit margin of the company was recorded at 13.4 percent, operating profit margin was 19.6 percent, while gross profit margin stands at 60.2 percent. The firm had revenue of $316.53 million for the quarter, compared to the consensus estimate of $312.16 million. During the same period in the prior year, the company posted $0.74 earnings per share. However, -16.37% over the last one month, -16.52% for the last quarter and year to date performance stands at 50.97%. On average, analysts anticipate that MercadoLibre, Inc. will post $2.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 16th. The ex-dividend date was Thursday the 28th of September 2017. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Mercadolibre, Inc.'s stock price now sits at $227.41.

Several research analysts have recently weighed in on the company.

In the market the company is trading down since yesterday's close of 235.73. Stifel Nicolaus maintained it with "Hold" rating and $27500 target in Friday, August 4 report. BidaskClub upgraded shares of MercadoLibre from a "hold" rating to a "buy" rating in a report on Sunday, July 16th. KeyCorp reissued a "buy" rating and issued a $290.00 price target on shares of MercadoLibre in a report on Tuesday, October 17th.

Among 14 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 1 Sell and 7 Hold. The company has an average rating of "Hold" and a consensus price target of $257.69. If you are reading this story on another site, it was copied illegally and reposted in violation of USA & global trademark and copyright law. The legal version of this story can be viewed at https://www.truebluetribune.com/2017/10/24/pier-88-investment-partners-llc-has-473000-stake-in-mercadolibre-inc-meli.html.

The Ontario - Canada-based Royal Commercial Bank Of Canada has invested 0.01% in Mercadolibre Inc (NASDAQ:MELI). The Firm enables commerce through its marketplace platform in Latin America, which is created 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). On the other hand, company insiders are holding 9.37%.



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