Mitsubishi UFJ Trust & Banking Corp raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,708 shares of the company’s stock after purchasing an additional 4,572 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of MercadoLibre worth $22,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC boosted its stake in MercadoLibre by 45.9% during the 2nd quarter. Jennison Associates LLC now owns 779,039 shares of the company’s stock valued at $195,445,000 after purchasing an additional 245,213 shares in the last quarter. Clearbridge Investments LLC boosted its stake in MercadoLibre by 25.2% during the 1st quarter. Clearbridge Investments LLC now owns 570,066 shares of the company’s stock valued at $120,552,000 after purchasing an additional 114,824 shares in the last quarter. William Blair Investment Management LLC boosted its stake in MercadoLibre by 19.3% during the 1st quarter. William Blair Investment Management LLC now owns 563,518 shares of the company’s stock valued at $119,167,000 after purchasing an additional 91,256 shares in the last quarter. Acadian Asset Management LLC boosted its stake in MercadoLibre by 51.4% during the 2nd quarter. Acadian Asset Management LLC now owns 350,678 shares of the company’s stock valued at $87,975,000 after purchasing an additional 119,081 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in MercadoLibre by 5.3% during the 1st quarter. OppenheimerFunds Inc. now owns 347,000 shares of the company’s stock valued at $73,380,000 after purchasing an additional 17,320 shares in the last quarter. 85.83% of the stock is owned by hedge funds and other institutional investors.

Shares of MercadoLibre, Inc. (NASDAQ:MELI) opened at 251.91 on Monday. The firm has a market cap of $11.12 billion, a P/E ratio of 77.20 and a beta of 2.04. MercadoLibre, Inc. has a 12 month low of $148.98 and a 12 month high of $297.95. The stock’s 50 day moving average price is $260.83 and its 200-day moving average price is $246.68.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.45. MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The business had revenue of $316.53 million for the quarter, compared to analyst estimates of $312.16 million. During the same period in the prior year, the firm posted $0.74 EPS. MercadoLibre’s revenue was up 58.6% on a year-over-year basis. Equities research analysts anticipate that MercadoLibre, Inc. will post $3.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, September 28th. MercadoLibre’s dividend payout ratio is presently 18.40%.

A number of equities analysts have issued reports on the company. BidaskClub lowered MercadoLibre from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $275.00 price target (up from $260.00) on shares of MercadoLibre in a research note on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $270.00 price target on shares of MercadoLibre in a research note on Wednesday, August 9th. Zacks Investment Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, Vetr raised MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 price target for the company in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $261.69.

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About MercadoLibre

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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