Trilogy Global Advisors LP held its position in shares of MercadoLibre SA (NASDAQ:MELI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,459 shares of the company’s stock at the end of the third quarter. Trilogy Global Advisors LP owned 0.09% of MercadoLibre SA worth $7,669,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MELI. Teacher Retirement System of Texas raised its position in shares of MercadoLibre SA by 128.2% in the third quarter. Teacher Retirement System of Texas now owns 10,616 shares of the company’s stock valued at $1,964,000 after buying an additional 5,963 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of MercadoLibre SA by 5.6% in the third quarter. Penserra Capital Management LLC now owns 5,052 shares of the company’s stock valued at $934,000 after buying an additional 268 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of MercadoLibre SA during the third quarter valued at $450,000. Bank of New York Mellon Corp raised its position in shares of MercadoLibre SA by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 10,925 shares of the company’s stock valued at $2,021,000 after buying an additional 297 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of MercadoLibre SA by 20.2% in the third quarter. Jennison Associates LLC now owns 424,931 shares of the company’s stock valued at $78,599,000 after buying an additional 71,470 shares in the last quarter. Institutional investors and hedge funds own 73.77% of the company’s stock.
MercadoLibre SA (NASDAQ:MELI) opened at 166.75 on Friday. The company has a market cap of $7.36 billion, a P/E ratio of 59.38 and a beta of 2.14. The company has a 50-day moving average of $169.53 and a 200-day moving average of $158.38. MercadoLibre SA has a 52-week low of $84.19 and a 52-week high of $193.58.
MercadoLibre SA (NASDAQ:MELI) last posted its earnings results on Thursday, November 3rd. The company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. MercadoLibre SA had a net margin of 16.13% and a return on equity of 38.86%. The firm had revenue of $230.85 million for the quarter, compared to analyst estimates of $223.42 million. During the same period in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 36.9% compared to the same quarter last year. On average, equities research analysts expect that MercadoLibre SA will post $2.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Saturday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Wednesday, December 28th. MercadoLibre SA’s payout ratio is 21.43%.
Several equities research analysts have weighed in on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $147.00 target price on shares of MercadoLibre SA in a report on Friday, October 28th. Cowen and Company set a $165.00 target price on shares of MercadoLibre SA and gave the stock a “hold” rating in a report on Thursday, October 13th. Stifel Nicolaus increased their target price on shares of MercadoLibre SA from $150.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, October 6th. Zacks Investment Research upgraded shares of MercadoLibre SA from a “hold” rating to a “strong-buy” rating and set a $212.00 target price on the stock in a report on Wednesday, October 5th. Finally, JPMorgan Chase & Co. upgraded shares of MercadoLibre SA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $173.68 to $200.00 in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. MercadoLibre SA currently has a consensus rating of “Hold” and an average price target of $166.11.
In other MercadoLibre SA news, major shareholder Ebay Inc sold 7,100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $168.00, for a total transaction of $1,192,800,000.00. Following the sale, the insider now directly owns 1,026,062 shares of the company’s stock, valued at approximately $172,378,416. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.
About MercadoLibre SA