Meitav Dash Investments Ltd. Sells 14,428 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Meitav Dash Investments Ltd. cut its position in MercadoLibre, Inc. (NASDAQ:MELIGet Rating) by 84.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,685 shares of the company’s stock after selling 14,428 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in MercadoLibre were worth $3,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Baillie Gifford & Co. lifted its position in shares of MercadoLibre by 1.6% during the 1st quarter. Baillie Gifford & Co. now owns 5,035,323 shares of the company’s stock worth $5,989,415,000 after buying an additional 77,784 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of MercadoLibre by 20.5% during the 4th quarter. Capital Research Global Investors now owns 4,641,606 shares of the company’s stock valued at $6,258,766,000 after purchasing an additional 789,308 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of MercadoLibre by 8.8% during the 4th quarter. Jennison Associates LLC now owns 2,038,209 shares of the company’s stock valued at $2,748,321,000 after purchasing an additional 164,347 shares during the last quarter. Capital International Investors grew its holdings in shares of MercadoLibre by 79.5% during the 4th quarter. Capital International Investors now owns 858,798 shares of the company’s stock valued at $1,158,679,000 after purchasing an additional 380,242 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of MercadoLibre by 107.8% during the 4th quarter. Schroder Investment Management Group now owns 623,745 shares of the company’s stock valued at $841,058,000 after purchasing an additional 323,642 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 1.0 %

MercadoLibre stock opened at $1,024.81 on Friday. The company has a market capitalization of $51.63 billion, a PE ratio of 216.66 and a beta of 1.68. The firm’s fifty day moving average is $737.27 and its 200 day moving average is $924.67. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 1.66. MercadoLibre, Inc. has a 12-month low of $600.68 and a 12-month high of $1,970.13.

MercadoLibre (NASDAQ:MELIGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.75. MercadoLibre had a net margin of 2.68% and a return on equity of 21.93%. During the same quarter last year, the firm posted $1.37 earnings per share. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 6.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of several recent research reports. TheStreet upgraded shares of MercadoLibre from a “d+” rating to a “c-” rating in a research report on Friday, May 6th. Citigroup cut their target price on shares of MercadoLibre from $1,500.00 to $1,150.00 and set a “buy” rating on the stock in a research report on Thursday, June 9th. Stifel Nicolaus dropped their price target on shares of MercadoLibre from $1,200.00 to $1,000.00 in a research report on Friday, July 15th. Jefferies Financial Group dropped their price target on shares of MercadoLibre from $850.00 to $800.00 in a research report on Thursday, July 21st. Finally, Credit Suisse Group boosted their price target on shares of MercadoLibre from $1,430.00 to $1,470.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $1,392.00.

MercadoLibre Profile

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MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, 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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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