Mercadolibre Inc (MELI) : Fis Group scooped up 16 additional shares in Mercadolibre Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 8,437 shares of Mercadolibre Inc which is valued at $1,421,297.Mercadolibre Inc makes up approximately 0.51% of Fis Group’s portfolio.
Other Hedge Funds, Including , Howland Capital Management reduced its stake in MELI by selling 3,775 shares or 21.05% in the most recent quarter. The Hedge Fund company now holds 14,161 shares of MELI which is valued at $2,385,562. Mercadolibre Inc makes up approx 0.23% of Howland Capital Management’s portfolio.Creative Planning boosted its stake in MELI in the latest quarter, The investment management firm added 488 additional shares and now holds a total of 1,614 shares of Mercadolibre Inc which is valued at $297,735. Harding Loevner Lp added MELI to its portfolio by purchasing 504,904 company shares during the most recent quarter which is valued at $95,522,788. Mercadolibre Inc makes up approx 0.68% of Harding Loevner Lp’s portfolio.First Mercantile Trust Co reduced its stake in MELI by selling 2,000 shares or 19.61% in the most recent quarter. The Hedge Fund company now holds 8,200 shares of MELI which is valued at $1,556,606. Mercadolibre Inc makes up approx 0.21% of First Mercantile Trust Co’s portfolio.
Mercadolibre Inc closed down -4.72 points or -2.49% at $184.47 with 4,61,969 shares getting traded on Tuesday. Post opening the session at $185.45, the shares hit an intraday low of $182.25 and an intraday high of $186.23 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Mercadolibre Inc reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.60. The company had revenue of $199.64 million for the quarter, compared to analysts expectations of $180.94 million. The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on Mercadolibre Inc. Mercadolibre Inc was Upgraded by JP Morgan to ” Overweight” on Sep 2, 2016. Goldman Initiated Mercadolibre Inc on Aug 9, 2016 to “Neutral”, Price Target of the shares are set at $170.Company shares were Reiterated by Piper Jaffray on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 185 from a previous price target of $160 .
MercadoLibre Inc. 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 in Argentina Brazil Chile Colombia Costa Rica Ecuador Mexico Peru Uruguay and Venezuela. The Company also operates online commerce platforms in the Dominican Republic Panama and Portugal. The Company offers its users an eco-system of six related e-commerce services: the MercadoLibre Marketplace The MercadoLibre Classifieds Service the MercadoPago payments solution the MercadoLibre Advertising program the MercadoShops online stores solution and the Mercado Envios shipping service. The Company also operates a real estate classified platform that covers some areas of State of Florida in the United States.