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 https://www.truebluetribune.com/2017/10/14/mercadolibre-inc-meli-shares-sold-by-kora-management-lp.html. 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%. Seekingalpha.com'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).

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