Cubist Systematic Strategies LLC grew its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 281.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,707 shares of the company’s stock after purchasing an additional 13,804 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in MercadoLibre were worth $4,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of MercadoLibre during the 1st quarter worth about $106,000. Pacer Advisors Inc. bought a new stake in shares of MercadoLibre during the 2nd quarter worth about $146,000. Van ECK Associates Corp boosted its holdings in shares of MercadoLibre by 7.3% during the 1st quarter. Van ECK Associates Corp now owns 735 shares of the company’s stock worth $155,000 after buying an additional 50 shares during the period. Barings LLC bought a new stake in shares of MercadoLibre during the 1st quarter worth about $218,000. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of MercadoLibre during the 2nd quarter worth about $226,000. 85.84% of the stock is currently owned by institutional investors.

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MELI has been the topic of a number of research reports. Barclays PLC decreased their price target on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “market perform” rating and set a $275.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 1st. Credit Suisse Group restated a “buy” rating and set a $290.00 price objective on shares of MercadoLibre in a research report on Friday, July 7th. Goldman Sachs Group, Inc. (The) cut MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $309.00 to $290.00 in a report on Tuesday, June 13th. Finally, BidaskClub upgraded MercadoLibre from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. MercadoLibre presently has a consensus rating of “Hold” and a consensus target price of $260.13.

MercadoLibre, Inc. (NASDAQ:MELI) traded down 0.52% during midday trading on Friday, hitting $268.82. 427,680 shares of the stock were exchanged. The firm’s 50-day moving average price is $264.50 and its 200 day moving average price is $257.96. MercadoLibre, Inc. has a 1-year low of $148.98 and a 1-year high of $297.95. The firm has a market capitalization of $11.87 billion, a P/E ratio of 82.38 and a beta of 2.03.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share 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 during the quarter, compared to analysts’ expectations of $312.16 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 58.6% on a year-over-year basis. Analysts expect that MercadoLibre, Inc. will post $2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. MercadoLibre’s dividend payout ratio is currently 18.40%.

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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