The YTD performance of Mercadolibre, Inc. (MELI) stands at 66.82 percent

Paterniano Del Favero
Agosto 10, 2017

It improved, as 41 investors sold MELI shares while 45 reduced holdings.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 5 analysts "outperform", 9 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". Neuberger Berman Group LLC now owns 75,145 shares of the company's stock valued at $18,852,000 after buying an additional 415 shares during the last quarter. Artemis Investment Management LLP purchased a new position in MercadoLibre during the second quarter valued at $1,303,000. William Blair Investment Management LLC now owns 563,518 shares of the company's stock worth $119,167,000 after buying an additional 91,256 shares during the period. Virginia Retirement Systems ET AL raised its position in MercadoLibre by 19.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,196 shares of the company's stock worth $675,000 after buying an additional 410 shares in the last quarter.

Shares of MercadoLibre (NASDAQ MELI) opened at 251.92 on Wednesday. Buying an individual stock means that you own a piece of the company. Mitchell Capital Management Co. bought a new stake in shares of MercadoLibre during the first quarter valued at about $205,000. State Street Corp owns 245,853 shares or 0% of their USA portfolio. The stock declined 2.11% or $5.5 reaching $254.97 per share. The stock has a market cap of $11.50 billion, a PE ratio of 74.38 and a beta of 2.05. MercadoLibre has a 1-year low of $148.98 and a 1-year high of $297.95. The share price has moved backward from its 20 days moving average -6.57% and negatively from its 50 days moving average -5.04%.

MercadoLibre (NASDAQ:MELI) last announced its quarterly 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. MercadoLibre had a return on equity of 38.10% and a net margin of 13.37%. 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 firm earned $0.74 EPS. The dividend was $0.150 per share for the quarter which comes to $0.60 on an annualized basis. Equities research analysts anticipate that MercadoLibre, Inc. will post $3.95 earnings per share for the current fiscal year.

The business 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 dividend of $0.15 per share. The ex-dividend date was set for Wednesday the 28th of June 2017. MercadoLibre's payout ratio is now 18.40%. Parallax Volatility Advisers LP has invested 0% in Mercadolibre Inc (NASDAQ:MELI). If you are accessing this piece on another publication, it was stolen and republished in violation of United States & worldwide trademark and copyright laws. The original version of this news story can be read at https://stocknewstimes.com/2017/08/07/mercadolibre-inc-nasdaqmeli-is-northcape-capital-pty-ltds-8th-largest-position.html.

Several research analysts recently issued reports on MELI shares. Finally, Credit Suisse Group reiterated a "buy" rating and issued a $290.00 price target on shares of MercadoLibre in a research report on Friday, July 7th. BidaskClub raised shares of MercadoLibre from a "hold" rating to a "buy" rating in a research report on Sunday, July 16th. Susquehanna Bancshares Inc reaffirmed a "market perform" rating and set a $275.00 price target on shares of MercadoLibre in a research note on Tuesday, August 1st. Finally, Bailard Inc. bought a new stake in shares of MercadoLibre during the first quarter valued at about $211,000. (The) downgraded shares of MercadoLibre from a "buy" rating to a "neutral" rating and decreased their price target for the stock 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, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock closing price is now trading downward to its 50 day moving average with change of -5.04%, tumbled to its 20 day moving average with figure of -6.57% and above its 200 day moving average with value 20.95%.

02/17/2017 - Pacific Crest began new coverage on MercadoLibre, Inc. giving the company a " rating.

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