Physician Wealth Advisors Inc. Sells 12 Shares of MercadoLibre, Inc. $MELI

Physician Wealth Advisors Inc. lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63 shares of the company’s stock after selling 12 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in MercadoLibre were worth $163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MELI. Bank Pictet & Cie Europe AG bought a new stake in MercadoLibre during the 4th quarter valued at approximately $561,000. Bison Wealth LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $206,000. Vident Advisory LLC raised its holdings in shares of MercadoLibre by 20.9% during the 4th quarter. Vident Advisory LLC now owns 289 shares of the company’s stock worth $491,000 after acquiring an additional 50 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of MercadoLibre by 79.8% during the 4th quarter. Waverly Advisors LLC now owns 232 shares of the company’s stock valued at $394,000 after acquiring an additional 103 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of MercadoLibre by 117.6% during the 4th quarter. Continuum Advisory LLC now owns 37 shares of the company’s stock valued at $63,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MELI shares. Wall Street Zen downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Wedbush set a $2,700.00 target price on MercadoLibre and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Barclays lowered their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Benchmark reiterated a “buy” rating and set a $2,875.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,817.22.

MercadoLibre Price Performance

Shares of MELI stock opened at $2,452.34 on Friday. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The stock has a market capitalization of $124.33 billion, a price-to-earnings ratio of 60.57, a P/E/G ratio of 1.60 and a beta of 1.49. The stock has a fifty day simple moving average of $2,382.11 and a two-hundred day simple moving average of $2,317.99. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same quarter in the prior year, the company posted $10.48 earnings per share. MercadoLibre’s quarterly revenue was up 33.8% compared to the same quarter last year. On average, analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

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.