MercadoLibre, Inc. (NASDAQ:MELI) Holdings Lessened by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,793 shares of the company’s stock after selling 600 shares during the quarter. MercadoLibre makes up 11.5% of Aubrey Capital Management Ltd’s holdings, making the stock its biggest holding. Aubrey Capital Management Ltd’s holdings in MercadoLibre were worth $28,859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. Oppenheimer & Co. Inc. increased its position in shares of MercadoLibre by 11.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company’s stock worth $2,328,000 after acquiring an additional 143 shares during the period. Prospect Financial Services LLC lifted its holdings in MercadoLibre by 41.7% during the first quarter. Prospect Financial Services LLC now owns 340 shares of the company’s stock worth $663,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp lifted its holdings in MercadoLibre by 34.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company’s stock worth $5,957,000 after buying an additional 891 shares during the period. JARISLOWSKY FRASER Ltd boosted its position in MercadoLibre by 43.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company’s stock valued at $5,525,000 after acquiring an additional 987 shares in the last quarter. Finally, Avant Financial Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at $316,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 0.8%

MELI stock opened at $2,368.82 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88. The company’s 50-day simple moving average is $2,330.03 and its 200-day simple moving average is $2,072.57. The firm has a market cap of $120.09 billion, a P/E ratio of 62.83, a PEG ratio of 1.12 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the previous year, the business earned $6.78 EPS. MercadoLibre’s revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on MELI shares. Barclays increased their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Susquehanna raised their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Jefferies Financial Group restated a “hold” rating and issued a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. UBS Group set a $3,000.00 target price on MercadoLibre in a research note on Monday, June 2nd. Finally, Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,632.50.

MercadoLibre Company Profile

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.