Fiera Capital Corp cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 32.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,065 shares of the company’s stock after selling 125,403 shares during the period. Fiera Capital Corp owned 0.60% of MercadoLibre worth $65,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of MercadoLibre by 7.3% during the first quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after acquiring an additional 50 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of MercadoLibre by 1.8% during the second quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock worth $798,000 after acquiring an additional 55 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of MercadoLibre by 4.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 2,300 shares of the company’s stock worth $486,000 after acquiring an additional 100 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of MercadoLibre by 3.0% during the first quarter. Perigon Wealth Management LLC now owns 3,979 shares of the company’s stock worth $842,000 after acquiring an additional 115 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of MercadoLibre by 1.9% during the first quarter. Blair William & Co. IL now owns 9,225 shares of the company’s stock worth $1,945,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 85.83% of the company’s stock.

MercadoLibre, Inc. (NASDAQ MELI) remained flat at $285.27 during mid-day trading on Tuesday. 255,506 shares of the stock were exchanged. The stock’s 50-day moving average is $257.36 and its 200-day moving average is $249.46. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 87.43 and a beta of 2.04. MercadoLibre, Inc. has a 12-month low of $148.98 and a 12-month high of $297.95.

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

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

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A number of brokerages have recently issued reports on MELI. BidaskClub lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and set a $275.00 target price (up from $260.00) on shares of MercadoLibre in a research report on Wednesday, August 9th. J P Morgan Chase & Co restated a “neutral” rating and set a $270.00 target price on shares of MercadoLibre in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Vetr upgraded shares of MercadoLibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price on the stock in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. MercadoLibre presently has a consensus rating of “Hold” and a consensus price target of $261.69.

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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