Carmignac Gestion increased its position in shares of MercadoLibre SA (NASDAQ:MELI) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,323,306 shares of the company’s stock after buying an additional 91,854 shares during the period. MercadoLibre SA comprises 3.5% of Carmignac Gestion’s holdings, making the stock its 10th largest position. Carmignac Gestion owned approximately 0.05% of MercadoLibre SA worth $429,742,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in MELI. Creative Planning raised its stake in shares of MercadoLibre SA by 18.4% in the second quarter. Creative Planning now owns 1,126 shares of the company’s stock worth $158,000 after buying an additional 175 shares during the period. Telemus Capital LLC bought a new stake in shares of MercadoLibre SA during the second quarter worth $216,000. Bender Robert & Associates raised its stake in shares of MercadoLibre SA by 2.4% in the second quarter. Bender Robert & Associates now owns 24,543 shares of the company’s stock worth $3,452,000 after buying an additional 571 shares during the period. Standard Life Investments LTD raised its stake in shares of MercadoLibre SA by 25.5% in the second quarter. Standard Life Investments LTD now owns 149,499 shares of the company’s stock worth $21,037,000 after buying an additional 30,350 shares during the period. Finally, Pillar Pacific Capital Management LLC raised its stake in shares of MercadoLibre SA by 0.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 2,715 shares of the company’s stock worth $382,000 after buying an additional 10 shares during the period. 72.14% of the stock is currently owned by hedge funds and other institutional investors.
MercadoLibre SA (NASDAQ:MELI) opened at 156.66 on Tuesday. MercadoLibre SA has a 12 month low of $84.19 and a 12 month high of $193.58. The firm has a market cap of $6.92 billion, a P/E ratio of 55.79 and a beta of 2.17. The firm has a 50 day moving average of $159.46 and a 200-day moving average of $161.88.
MercadoLibre SA (NASDAQ:MELI) last posted its earnings results on Thursday, November 3rd. The company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $230.85 million for the quarter, compared to the consensus estimate of $223.42 million. MercadoLibre SA had a net margin of 16.13% and a return on equity of 38.86%. The company’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, equities research analysts forecast that MercadoLibre SA will post $2.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Saturday, December 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, December 28th. MercadoLibre SA’s dividend payout ratio (DPR) is 21.43%.
A number of equities research analysts have recently weighed in on MELI shares. Piper Jaffray Cos. reissued an “overweight” rating and set a $185.00 price objective on shares of MercadoLibre SA in a report on Tuesday, August 30th. JPMorgan Chase & Co. raised shares of MercadoLibre SA from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $173.68 to $200.00 in a report on Friday, September 2nd. Zacks Investment Research raised shares of MercadoLibre SA from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective on the stock in a report on Wednesday, October 5th. Stifel Nicolaus boosted their price objective on shares of MercadoLibre SA from $150.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, October 6th. Finally, Cowen and Company set a $165.00 price objective on shares of MercadoLibre SA and gave the company a “hold” rating in a report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $165.80.
In related news, major shareholder Ebay Inc sold 7,100,000 shares of the stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $168.00, for a total value of $1,192,800,000.00. Following the transaction, 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 link. 0.36% of the stock is currently owned by corporate insiders.
MercadoLibre SA Company Profile
MercadoLibre, Inc (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America.
Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre SA (NASDAQ:MELI).