Dimensional Fund Advisors LP Buys 67 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Dimensional Fund Advisors LP raised its holdings in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 39.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235 shares of the company’s stock after buying an additional 67 shares during the quarter. Dimensional Fund Advisors LP’s holdings in MercadoLibre were worth $386,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. O Dell Group LLC raised its position in shares of MercadoLibre by 2.1% during the first quarter. O Dell Group LLC now owns 294 shares of the company’s stock worth $445,000 after purchasing an additional 6 shares during the period. Belpointe Asset Management LLC raised its position in MercadoLibre by 1.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 618 shares of the company’s stock valued at $1,016,000 after buying an additional 6 shares during the last quarter. Hilltop National Bank raised its position in MercadoLibre by 14.3% in the 2nd quarter. Hilltop National Bank now owns 56 shares of the company’s stock valued at $92,000 after buying an additional 7 shares during the last quarter. Contravisory Investment Management Inc. raised its position in MercadoLibre by 5.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 143 shares of the company’s stock valued at $235,000 after buying an additional 7 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in MercadoLibre by 0.9% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 752 shares of the company’s stock valued at $1,294,000 after buying an additional 7 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MELI shares. JPMorgan Chase & Co. downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 price objective for the company. in a research note on Wednesday, October 2nd. Susquehanna increased their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research note on Wednesday, August 28th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 11th. Morgan Stanley increased their price target on MercadoLibre from $2,175.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Finally, Bank of America increased their price target on MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,283.00.

Read Our Latest Report on MELI

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,079.96 on Tuesday. The business’s 50-day moving average price is $2,018.64 and its two-hundred day moving average price is $1,750.46. MercadoLibre, Inc. has a twelve month low of $1,141.04 and a twelve month high of $2,161.73. The stock has a market cap of $105.45 billion, a P/E ratio of 93.06, a PEG ratio of 1.25 and a beta of 1.61. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 0.67.

MercadoLibre (NASDAQ:MELIGet Free Report) last released its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. MercadoLibre’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.16 EPS. As a group, equities analysts predict that MercadoLibre, Inc. will post 37.55 EPS for the current fiscal year.

MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

Read More

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:MELIFree Report).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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