Ameritas Investment Partners Inc. acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 791 shares of the company’s stock, valued at approximately $198,000.
Several other hedge funds have also bought and sold shares of the company. Orbis Allan Gray Ltd boosted its holdings in shares of MercadoLibre by 10.2% during the second quarter. Orbis Allan Gray Ltd now owns 1,591,614 shares of the company’s stock worth $399,304,000 after purchasing an additional 146,891 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of MercadoLibre by 45.9% during the second quarter. Jennison Associates LLC now owns 779,039 shares of the company’s stock worth $195,445,000 after purchasing an additional 245,213 shares during the last quarter. Harding Loevner LP boosted its holdings in shares of MercadoLibre by 1.7% during the second quarter. Harding Loevner LP now owns 559,944 shares of the company’s stock worth $140,479,000 after purchasing an additional 9,564 shares during the last quarter. Capital World Investors boosted its holdings in shares of MercadoLibre by 48.6% during the second quarter. Capital World Investors now owns 353,763 shares of the company’s stock worth $88,752,000 after purchasing an additional 115,663 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of MercadoLibre by 51.4% during the second quarter. Acadian Asset Management LLC now owns 350,678 shares of the company’s stock worth $87,975,000 after purchasing an additional 119,081 shares during the last quarter. Institutional investors and hedge funds own 83.92% of the company’s stock.
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Several research firms have recently issued reports on MELI. J P Morgan Chase & Co restated a “neutral” rating and set a $270.00 price objective on shares of MercadoLibre in a report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating and set a $275.00 price objective (down previously from $290.00) on shares of MercadoLibre in a report on Friday, August 4th. Vetr upgraded MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 price objective on the stock in a report on Monday, August 7th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $287.00 target price on shares of MercadoLibre in a research report on Thursday, July 13th. Finally, BidaskClub lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. MercadoLibre currently has a consensus rating of “Buy” and a consensus target price of $264.28.
MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.45). MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The company had revenue of $316.53 million for the quarter, compared to analysts’ expectations of $312.16 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The company’s revenue was up 58.6% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, September 28th. MercadoLibre’s dividend payout ratio is presently 18.40%.
MercadoLibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. 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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