Robeco Institutional Asset Management B.V. reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 12.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 283,022 shares of the company’s stock after selling 41,001 shares during the period. Robeco Institutional Asset Management B.V. owned 0.64% of MercadoLibre worth $71,005,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in MELI. Jennison Associates LLC boosted its stake in MercadoLibre by 45.9% in the second quarter. Jennison Associates LLC now owns 779,039 shares of the company’s stock worth $195,445,000 after buying an additional 245,213 shares during the last quarter. Clearbridge Investments LLC boosted its stake in MercadoLibre by 25.2% in the first quarter. Clearbridge Investments LLC now owns 570,066 shares of the company’s stock worth $120,552,000 after buying an additional 114,824 shares during the last quarter. William Blair Investment Management LLC boosted its stake in MercadoLibre by 19.3% in the first quarter. William Blair Investment Management LLC now owns 563,518 shares of the company’s stock worth $119,167,000 after buying an additional 91,256 shares during the last quarter. Acadian Asset Management LLC boosted its stake in MercadoLibre by 51.4% in the second quarter. Acadian Asset Management LLC now owns 350,678 shares of the company’s stock worth $87,975,000 after buying an additional 119,081 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in MercadoLibre by 5.3% in the first quarter. OppenheimerFunds Inc. now owns 347,000 shares of the company’s stock worth $73,380,000 after buying an additional 17,320 shares during the last quarter. 92.41% of the stock is owned by institutional investors.
MercadoLibre, Inc. (NASDAQ:MELI) traded up 1.15% during mid-day trading on Friday, reaching $246.41. The company had a trading volume of 667,971 shares. MercadoLibre, Inc. has a one year low of $148.98 and a one year high of $297.95. The stock has a market capitalization of $10.88 billion, a PE ratio of 75.52 and a beta of 2.05. The company’s 50-day moving average is $263.14 and its 200-day moving average is $244.72.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.45. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. The business had revenue of $316.53 million for the quarter, compared to the consensus estimate of $312.16 million. During the same period in the previous year, the firm earned $0.74 EPS. The company’s revenue was up 58.6% on a year-over-year basis. Equities research analysts anticipate that MercadoLibre, Inc. will post $3.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, September 28th. MercadoLibre’s dividend payout ratio (DPR) is 18.40%.
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A number of analysts have recently issued reports on MELI shares. Credit Suisse Group raised their price objective on MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. BidaskClub cut MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Barclays PLC reaffirmed a “buy” rating and issued a $275.00 price objective on shares of MercadoLibre in a research report on Sunday, May 7th. Zacks Investment Research cut MercadoLibre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) cut MercadoLibre from a “buy” rating to a “neutral” rating and cut their price objective for the company from $309.00 to $290.00 in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $261.69.
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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