MercadoLibre, Inc. (NASDAQ:MELI) Shorts Up 14.98% - Currently Trading Down

Several research analysts recently commented on the company. MercadoLibre makes up about 8.7% of Kora Management LP's investment portfolio, making the stock its 7th largest holding.

Acadian Asset Management LLC cut its position by selling 338,647 shares a decrease of 96.6% as of 09/30/2017. Finally, State of Alaska Department of Revenue bought a new stake in shares of MercadoLibre during the 2nd quarter valued at about $240,000. Short shares grew from 2,544,321 to 2,925,558 over that period. Moreover, Aqr Capital Mgmt Limited Co has 0% invested in Mercadolibre Inc (NASDAQ:MELI) for 6,286 shares. After $0.61 actual earnings per share reported by Mercadolibre Inc for the previous quarter, Wall Street now forecasts 31.15 % EPS growth. Orbis Allan Gray Ltd boosted its position in shares of MercadoLibre by 10.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 129,167 shares of the company's stock worth $20,168,000 after buying an additional 686 shares in the last quarter. Perigon Wealth Management, LLC now holds 3,169 shares valued at $796,000. The institutional investors in our partner's database now own: 35.78 million shares, down from 36.24 million shares in 2017Q1.

These firms have modified their investment in MELI. Barclays PLC reaffirmed a "buy" rating and issued a $275.00 price objective on shares of Mercadolibre in a research note on Sunday, May 7th. On August 25 the stock rating was upgraded from "Hold" to "Buy" in a report issued by Stifel Nicolaus. The rating was downgraded by Goldman Sachs on Tuesday, June 13 to "Neutral". Piper Jaffray Companies reiterated a "buy" rating and issued a $287.00 price target on shares of MercadoLibre in a research report on Thursday, July 13th. Therefore 50% are positive. Finally, J P Morgan Chase & Co reissued a "neutral" rating and issued a $270.00 target price on shares of MercadoLibre in a research note on Wednesday, August 9th.

A number of other equities research analysts also recently weighed in on the stock. The stock's average target of $234 is -4.45% below today's ($244.9) share price. Mercadolibre Inc now has $10.81B valuation. "(MELI) Shares Sold by Kora Management LP" was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark legislation. The legal version of this report can be viewed at Mercadolibre Inc has a 52 week low of $126.10 and a 52 week high of $297.95.

Mercadolibre Inc (NASDAQ:MELI) traded down 0.01% on Friday, hitting $280.37. About 1.31M shares traded or 84.09% up from the average.

The company now has a P/E ratio of 75.05 and market cap is 10.81B. The firm has a 50 day moving average price of $267.99 and a 200-day moving average price of $260.19.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 3rd.

In the market the company is trading down from yesterday's close of 246.26. The business had revenue of $316.53 million during the quarter, compared to analyst estimates of $312.16 million. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. Next quarter's EPS is expected be $0.88 with next year's EPS projected to be $4.60. Equities analysts expect that MercadoLibre, Inc. will post $2.91 EPS for the current year. Additionally MercadoLibre, Inc. announced a dividend which was paid on Monday the 17th of July 2017. This represents a $0.60 annualized dividend and a dividend yield of 0.24%.'s news article titled: "MercadoLibre: Amazon Protection" with publication date: October 13, 2017 was also an interesting one. Stockholders of record on Saturday, September 30th will be given a dividend of $0.15 per share. MercadoLibre's payout ratio is 18.40%.

Mercadolibre Inc (NASDAQ:MELI) has risen 106.82% since October 15, 2016 and is uptrending. The Company enables commerce through its marketplace platform (including online classifieds for motor vehicles, vessels, aircraft, services and real estate) in Latin America. 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).

Related News:

  • Toronto Dominion Bank Raises Stake in Aetna Inc. (AET)

    Dodge & Cox owns 0% invested in Aetna Inc (NYSE:AET) for 1,400 shares. 876 are held by Ledyard Bancorporation. Impax Asset Ltd invested in 907,284 shares or 3.44% of the stock. 1,700 were accumulated by Logan Management.
    Countdown To Catalonia Deadline

    Countdown To Catalonia Deadline

    And Puigdemont's separatist allies have threatened mass strikes and protests in the event of a climb-down. Puigdemont has asked for global mediation in the crisis, an idea Rajoy dismissed out of hand.
    Alwar: 51 cows 'snatched' by police from Muslim family

    Alwar: 51 cows 'snatched' by police from Muslim family

    Alwar had occupied headlines in April after a 55-year-old dairy owner was beaten to death on suspicion of cattle smuggling. Khan's wife Baseri said, "They said we were cow smugglers". "We don't have any report in this matter".
  • Call of Duty: WWII Xbox One X 4K and HDR Support Confirmed

    Call of Duty: WWII Xbox One X 4K and HDR Support Confirmed

    But Microsoft is not advertising the platform in order for fans to leave their current consoles and go by this one. The Xbox boss also told us about which weapon he wants the most in Destiny 2.
    South Park: Fractured But Whole Season Pass & DLC Details Announced

    South Park: Fractured But Whole Season Pass & DLC Details Announced

    The " Danger Deck " rings in at $6 as a standalone, and will be available for purchase in December. Players will be able to unlock exclusive costumes and artifacts in the mode though.

    Blond Me Finds Canadian Success In G1 EP Taylor

    She has a pair of listed stakes wins and a pair of Group 2 wins to her name overseas, as well as a second in Group 1 company. Keller's Blond Me made her first Canadian trip a successful one, running down Kitten's Roar Sunday's Grade 1, $500,000 E.
  • Anil Ravipudi shares secret of Ravi Teja's Raja The Great

    Anil Ravipudi shares secret of Ravi Teja's Raja The Great

    Ravi Teja has a special fan base for his mass songs and he takes utmost care to have a single high beat mass track in his films. The entire team of Raja The Great is looking very confident about scoring the hit and winning audiences heart.
    Donald Trump dismisses 'Obamacare' health policy as a 'broken mess'

    Donald Trump dismisses 'Obamacare' health policy as a 'broken mess'

    Insurers have said without the payments, they will either have to increase premiums or exit the individual markets. The Department of Health and Human Services made the announcement in a statement late Thursday.

    Plans Submitted For New York Rugby League Team To Enter English Game

    The consortium for the NY club hopes to get the go-ahead in time to enter the competition in 2019 at Championship level. "We wanted to base our team in NY and give, not only players, but fans an experience".
  • Trinity Industries, Inc. (TRN) Downgraded by ValuEngine to Hold

    It increased, as 96 investors sold GS shares while 350 reduced holdings. 99 funds opened positions while 383 raised stakes. The transportation company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02.
    West Ham boss Bilic reveals what he thinks of Carroll red card

    West Ham boss Bilic reveals what he thinks of Carroll red card

    It was the first time that Carroll had been red-carded in 75 Premier League appearances. With the second one you can't do that, especially two minutes after you've been booked.
    Agony for Sam Bennett as late crash costs him in Turkey

    Agony for Sam Bennett as late crash costs him in Turkey

    To rub salt into the wounds, Theuns went on to win the stage and take the points classification. Bennett won four stages so it's odd to take the green jersey on the last stage".

Most liked

Enterprise Financial Services Corporation (NASDAQ:EFSC) Rating Reiterated by Keefe, Bruyette & Woods
Cadence Capital Management Ltd Llc has 0.09% invested in Silvercrest Asset Management Group Inc (NASDAQ:SAMG) for 98,289 shares. Moreover, Continental Advsrs Lc has 0.16% invested in Silvercrest Asset Management Group Inc (NASDAQ:SAMG) for 51,647 shares.

Jimmy Kimmel defends lack of Harvey Weinstein jokes
But he promises - this week - there will be laughs. "I would guess that he's not planning to visit me anytime soon", Mr. Interestingly, Kimmel went on in his Good Morning America interview to make an interesting challenge to the President.

Toronto Dominion Bank (The) (TD) Given Consensus Rating of "Buy" by Analysts
The stock of Toronto-Dominion Bank (NYSE:TD) earned "Outperform" rating by National Bank Canada on Friday, September 1. Bearing it in mind, the company saw a yearly performance of 30.38% for 2017 and its weekly volatility showed 0.67%.

NY sends 20 personnel to help California battle wildfires
This week, some of the tens of thousands of evacuees were hoping to return to their homes if they weren't under immediate threat. Andrew Cuomo's office said. "These individuals represent the very best of NY , and I look forward to their safe return".

Dow Chemical Co (DOW) Shares Sold by KBC Group NV
About 461,635 shares traded or 105.69% up from the average. (STRL) has risen 121.51% since October 13, 2016 and is uptrending. Moreover, Atalanta Sosnoff Capital Ltd Liability has 1.7% invested in Dow Chemical Co (NYSE:DOW) for 761,594 shares.

KMG Chemicals, Inc. Plans Quarterly Dividend of $0.03 (NYSE:KMG)
Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC. COPYRIGHT VIOLATION NOTICE: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal.

Veteran Actor and filmmaker Lekh Tandon passes away at 88; Funeral Today
Tandon is also credited with discovering actor Shah Rukh Khan by casting him in his TV serial " Dil Dariya " in 1988. The veteran filmmaker and actor Lekh Tandon passed away on Sunday evening at his residence in Powai, Mumbai.

$0.72 EPS Expected for TransCanada Corporation (TRP)
The stock of TransCanada Corporation (USA) (NYSE:TRP) earned "Overweight" rating by JP Morgan on Tuesday, December 15. Recently stock market analysts have updated their consensus ratings on shares of TransCanada Corporation (NYSE:TRP).

Now You Can Order Food On Facebook App
You'll be able to see restaurants nearby that are up for picking up your meals, including, DoorDash and ChowNow. And one such way is the introduction of a new feature through which you can order for food from the app.

Sweet: Man arrested for doughnut glaze gets $37500
Rushing told the Orlando Sentinel that he has been trying to open up a security business, but can't because of his arrest record. Officers then administered roadside drug tests, which they were not trained to use - which came back positive for cocaine.

Kaun Banega Crorepati 9: Meet the biggest winners of Amitabh Bachchan's show
But what comes as a major blow to the fans is that the show is going off air soon. But his hosting never changed and has been the same to attract audience even now.

Girl, 3, drowns in ice cream parlor grease trap
A young girl fell into a grease pit at an Auburn, Ala ., ice cream shop and drowned, the Opelika-Auburn News reported Saturday. The girl was taken to a hospital where she was declared dead Saturday afternoon, according to the release.

Texas man suspected of stealing $1.2M worth of fajitas
The detention center does not serve fajitas. "In the event that it wasn't so genuine, you'd think it was a Saturday Night Live drama".

Bengaluru techie assaulted for rescuing cattle, alleges police involvement
Talaghattapura police said they have registered a case based on the complaint lodged by Nandini M of Koramangala. The police took the complaint and told us that 15 policemen were sent to the spot to rescue the cows.

Oil rig on Lake Pontchartrain explodes near Kenner, several injured
A reporter with the New Orleans Advocate stated that seven people were rescued from the rig and were rushed to area hospitals. The Coast Guard will be conducting a water quality evaluation as well as the Lake Pontchartrain Basin Foundation.