TD Asset Management Inc. lifted its holdings in Mercadolibre Inc (NASDAQ:MELI) by 92.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,597 shares of the company’s stock after purchasing an additional 10,866 shares during the quarter. TD Asset Management Inc. owned about 0.05% of Mercadolibre worth $5,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Orbis Allan Gray Ltd boosted its position in Mercadolibre by 10.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 1,591,614 shares of the company’s stock worth $399,304,000 after acquiring an additional 146,891 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Mercadolibre by 14.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock worth $266,559,000 after acquiring an additional 126,452 shares during the last quarter. Koch Industries Inc. boosted its position in Mercadolibre by 85,458.8% during the 2nd quarter. Koch Industries Inc. now owns 965,959 shares of the company’s stock worth $962,000 after acquiring an additional 964,830 shares during the last quarter. Jennison Associates LLC boosted its position in Mercadolibre by 45.9% during the 2nd quarter. Jennison Associates LLC now owns 779,039 shares of the company’s stock worth $195,445,000 after acquiring an additional 245,213 shares during the last quarter. Finally, Harding Loevner LP boosted its position in Mercadolibre by 1.7% during the 2nd quarter. Harding Loevner LP now owns 559,944 shares of the company’s stock worth $140,479,000 after acquiring an additional 9,564 shares during the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

In related news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,744,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Shares of Mercadolibre Inc (MELI) opened at $270.80 on Wednesday. The company has a market capitalization of $12,000.00, a P/E ratio of 77.97, a PEG ratio of 4.50 and a beta of 2.05. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Mercadolibre Inc has a twelve month low of $150.29 and a twelve month high of $297.95.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. The company had revenue of $370.66 million during the quarter, compared to the consensus estimate of $347.29 million. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The firm’s revenue for the quarter was up 60.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. analysts forecast that Mercadolibre Inc will post 2.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 28th. Mercadolibre’s payout ratio is presently 19.93%.

A number of research firms have weighed in on MELI. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $270.00 price target on shares of Mercadolibre in a research report on Wednesday, August 9th. BidaskClub downgraded Mercadolibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $275.00 price target (up previously from $260.00) on shares of Mercadolibre in a research report on Wednesday, August 9th. Susquehanna Bancshares reduced their price target on Mercadolibre from $275.00 to $230.00 in a research report on Friday, October 13th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $215.00 price target on shares of Mercadolibre in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $271.21.

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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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