Investors sold shares of MercadoLibre, Inc. (NASDAQ:MELI) on strength during trading on Tuesday. $61.75 million flowed into the stock on the tick-up and $87.47 million flowed out of the stock on the tick-down, for a money net flow of $25.72 million out of the stock. Of all equities tracked, MercadoLibre had the 0th highest net out-flow for the day. MercadoLibre traded up $0.46 for the day and closed at $288.88
A number of equities analysts have recently weighed in on the stock. J P Morgan Chase & Co cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $296.24 to $300.00 in a research report on Tuesday, May 16th. Bank of America Corporation lifted their price target on shares of MercadoLibre from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Susquehanna Bancshares Inc reissued a “market perform” rating and set a $275.00 price target on shares of MercadoLibre in a research report on Tuesday, August 1st. Credit Suisse Group lifted their price target on shares of MercadoLibre from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, Barclays PLC cut their price objective on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. MercadoLibre has an average rating of “Hold” and a consensus price target of $261.69.
The stock has a market cap of $10.43 billion, a P/E ratio of 72.37 and a beta of 2.05. The firm has a 50-day moving average of $264.45 and a 200-day moving average of $242.76.
MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.45. The company had revenue of $316.53 million for the quarter, compared to the consensus estimate of $312.16 million. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. MercadoLibre’s revenue was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. Equities research analysts predict that MercadoLibre, Inc. will post $3.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, September 28th. MercadoLibre’s dividend payout ratio is currently 18.40%.
A number of institutional investors have recently bought and sold shares of MELI. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in MercadoLibre during the first quarter valued at about $106,000. Toronto Dominion Bank raised its stake in MercadoLibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after buying an additional 80 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in MercadoLibre during the second quarter valued at approximately $146,000. Van ECK Associates Corp raised its stake in MercadoLibre by 7.3% in the first quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock valued at $155,000 after buying an additional 50 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in MercadoLibre during the second quarter valued at approximately $198,000. Institutional investors and hedge funds own 92.41% of the company’s stock.
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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