Atria Investments LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,036 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. Orbis Allan Gray Ltd boosted its position in MercadoLibre by 105.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,360,358 shares of the company’s stock valued at $212,407,000 after buying an additional 697,057 shares in the last quarter. Clearbridge Investments LLC boosted its position in MercadoLibre by 25.2% in the first quarter. Clearbridge Investments LLC now owns 570,066 shares of the company’s stock valued at $120,552,000 after buying an additional 114,824 shares in the last quarter. William Blair Investment Management LLC boosted its position in MercadoLibre by 19.3% in the first quarter. William Blair Investment Management LLC now owns 563,518 shares of the company’s stock valued at $119,167,000 after buying an additional 91,256 shares in the last quarter. Harding Loevner LP boosted its position in MercadoLibre by 2.5% in the first quarter. Harding Loevner LP now owns 550,380 shares of the company’s stock valued at $116,389,000 after buying an additional 13,200 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in MercadoLibre by 5.3% in the first quarter. OppenheimerFunds Inc. now owns 347,000 shares of the company’s stock valued at $73,380,000 after buying an additional 17,320 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre, Inc. (NASDAQ:MELI) opened at 276.12 on Tuesday. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 78.85 and a beta of 2.03. The firm’s 50 day moving average is $276.49 and its 200-day moving average is $219.31. MercadoLibre, Inc. has a 12 month low of $147.33 and a 12 month high of $297.95.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.32. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The company had revenue of $273.90 million for the quarter, compared to analyst estimates of $247.85 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 73.8% compared to the same quarter last year. On average, equities analysts forecast that MercadoLibre, Inc. will post $4.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given 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 was Wednesday, June 28th. MercadoLibre’s dividend payout ratio (DPR) is currently 17.14%.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/07/18/atria-investments-llc-acquires-new-position-in-mercadolibre-inc-nasdaqmeli.html.

Several research analysts have weighed in on MELI shares. Credit Suisse Group increased their price target on shares of MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, May 15th. BidaskClub cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Barclays PLC reissued a “buy” rating and issued a $275.00 price target on shares of MercadoLibre in a report on Sunday, May 7th. Zacks Investment Research cut shares of MercadoLibre from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) cut shares of MercadoLibre from a “buy” rating to a “neutral” rating and lowered their price target for the company from $309.00 to $290.00 in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $257.46.

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).

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre Inc. and related companies with MarketBeat.com's FREE daily email newsletter.