Envestnet Asset Management Inc. reduced its stake in Mercadolibre Inc (NASDAQ:MELI) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,101 shares of the company’s stock after selling 220 shares during the period. Envestnet Asset Management Inc.’s holdings in Mercadolibre were worth $803,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MELI. Dimensional Fund Advisors LP grew its position in shares of Mercadolibre by 33.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,874 shares of the company’s stock worth $608,000 after acquiring an additional 725 shares during the last quarter. Aperio Group LLC grew its position in shares of Mercadolibre by 53.0% during the second quarter. Aperio Group LLC now owns 2,420 shares of the company’s stock worth $607,000 after acquiring an additional 838 shares during the last quarter. Strs Ohio grew its position in shares of Mercadolibre by 361.1% during the second quarter. Strs Ohio now owns 2,536 shares of the company’s stock worth $636,000 after acquiring an additional 1,986 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Mercadolibre during the second quarter worth approximately $5,771,000. Finally, Rhumbline Advisers purchased a new position in shares of Mercadolibre during the second quarter worth approximately $662,000. Institutional investors own 89.44% of the company’s stock.

Shares of Mercadolibre Inc (NASDAQ:MELI) opened at $314.90 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. Mercadolibre Inc has a fifty-two week low of $151.73 and a fifty-two week high of $334.99. The firm has a market capitalization of $14,400.60, a price-to-earnings ratio of 93.18, a P/E/G ratio of 5.38 and a beta of 2.05.

Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The firm had revenue of $370.66 million during the quarter, compared to the consensus estimate of $347.29 million. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 60.6% on a year-over-year basis. analysts anticipate that Mercadolibre Inc will post 2.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, December 28th. Mercadolibre’s dividend payout ratio is presently 19.93%.

In related news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on MELI. Citigroup lowered shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Wednesday. Piper Jaffray Companies raised their target price on shares of Mercadolibre from $268.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. BidaskClub upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Susquehanna Bancshares lowered their target price on shares of Mercadolibre from $275.00 to $230.00 in a research report on Friday, October 13th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $215.00 target price on shares of Mercadolibre in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $272.13.

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About Mercadolibre

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).

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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