Tower Research Capital LLC TRC bought a new position in shares of Mercadolibre Inc (NASDAQ:MELI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,316 shares of the company’s stock, valued at approximately $394,000.

Several other institutional investors and hedge funds have also made changes to their positions in MELI. American International Group Inc. boosted its stake in shares of Mercadolibre by 23.5% during the first quarter. American International Group Inc. now owns 3,079 shares of the company’s stock worth $1,097,000 after buying an additional 585 shares during the period. Aperio Group LLC boosted its stake in shares of Mercadolibre by 7.3% during the first quarter. Aperio Group LLC now owns 2,630 shares of the company’s stock worth $937,000 after buying an additional 178 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Mercadolibre by 73.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,475 shares of the company’s stock worth $526,000 after buying an additional 627 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of Mercadolibre by 17.8% during the first quarter. Candriam Luxembourg S.C.A. now owns 2,943 shares of the company’s stock worth $1,049,000 after buying an additional 445 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Mercadolibre by 16.2% during the first quarter. Toronto Dominion Bank now owns 2,872 shares of the company’s stock worth $1,024,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.

Shares of NASDAQ:MELI opened at $330.75 on Thursday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $14.11 billion, a P/E ratio of 1,102.14 and a beta of 2.06. Mercadolibre Inc has a 52 week low of $217.06 and a 52 week high of $417.91.

Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.04). The firm had revenue of $335.40 million during the quarter, compared to analyst estimates of $333.98 million. Mercadolibre had a negative net margin of 4.39% and a positive return on equity of 4.32%. Mercadolibre’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. sell-side analysts anticipate that Mercadolibre Inc will post -0.48 earnings per share for the current fiscal year.

MELI has been the subject of several recent research reports. BidaskClub downgraded shares of Mercadolibre from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Stifel Nicolaus upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research note on Tuesday, August 21st. KeyCorp set a $400.00 target price on shares of Mercadolibre and gave the stock a “buy” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Piper Jaffray Companies increased their target price on shares of Mercadolibre to $376.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $356.92.

Mercadolibre Company Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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