Dimensional Fund Advisors LP Buys 725 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Dimensional Fund Advisors LP increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 33.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,874 shares of the company’s stock after purchasing an additional 725 shares during the quarter. Dimensional Fund Advisors LP’s holdings in MercadoLibre were worth $608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of MercadoLibre by 7.3% in the 1st quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after purchasing an additional 50 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of MercadoLibre during the first quarter valued at approximately $169,000. Bailard Inc. acquired a new stake in shares of MercadoLibre during the first quarter valued at approximately $211,000. Daiwa Securities Group Inc. raised its holdings in shares of MercadoLibre by 600.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,050 shares of the company’s stock valued at $222,000 after acquiring an additional 900 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of MercadoLibre during the first quarter valued at approximately $239,000. Institutional investors and hedge funds own 85.83% of the company’s stock.

A number of research analysts recently commented on MELI shares. Bank of America Corporation boosted their price objective on shares of MercadoLibre from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. BidaskClub raised shares of MercadoLibre from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Citigroup Inc. downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Friday, June 23rd. Credit Suisse Group reaffirmed a “buy” rating and set a $290.00 price objective on shares of MercadoLibre in a research report on Friday, July 7th. Finally, Barclays PLC decreased their target price on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $261.69.

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Shares of MercadoLibre, Inc. (MELI) traded down 0.65% on Friday, hitting $286.06. 272,780 shares of the stock traded hands. The stock has a 50 day moving average of $258.82 and a 200-day moving average of $250.89. The stock has a market cap of $12.63 billion, a PE ratio of 87.67 and a beta of 2.04. MercadoLibre, Inc. has a 1-year low of $148.98 and a 1-year high of $297.95.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.45). The business had revenue of $316.53 million during the quarter, compared to the consensus estimate of $312.16 million. MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. MercadoLibre’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts expect that MercadoLibre, Inc. will post $3.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.21%. MercadoLibre’s dividend payout ratio is currently 18.40%.

MercadoLibre 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).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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