Fis Group adds Mercadolibre Inc (MELI) to its portfolio

Mercadolibre Inc (MELI) : Fis Group added new position in Mercadolibre Inc during the most recent quarter end. The investment management firm now holds 8,421 shares of Mercadolibre Inc which is valued at $1,253,045 , the company said in a statement filed on Jul 14, 2016 with the SEC.Mercadolibre Inc makes up approximately 0.45% of Fis Group’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in MELI in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 3,623 shares of Mercadolibre Inc which is valued at $539,102. Mercadolibre Inc makes up approx 0.04% of Eqis Capital Management’s portfolio. Cutler Group Lp sold out all of its stake in MELI during the most recent quarter. The investment firm sold 1,113 shares of MELI which is valued $166,138.Fisher Asset Management reduced its stake in MELI by selling 129 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 3,167 shares of MELI which is valued at $472,738.Cabot Wealth Management Inc reduced its stake in MELI by selling 838 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 30,244 shares of MELI which is valued at $4,514,522. Mercadolibre Inc makes up approx 1.16% of Cabot Wealth Management Inc’s portfolio.Curian Capital reduced its stake in MELI by selling 33,348 shares or 64.38% in the most recent quarter. The Hedge Fund company now holds 18,453 shares of MELI which is valued at $2,698,198. Mercadolibre Inc makes up approx 0.19% of Curian Capital’s portfolio.

Mercadolibre Inc opened for trading at $149.11 and hit $149.65 on the upside on Monday, eventually ending the session at $148.8, with a gain of 0.22% or 0.33 points. The heightened volatility saw the trading volume jump to 2,65,183 shares. Company has a market cap of $6,571 M.

On the company’s financial health, Mercadolibre Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.57. The company had revenue of $157.63 million for the quarter, compared to analysts expectations of $145.95 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

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.

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