MercadoLibre, Inc. $MELI Shares Sold by Lbp Am Sa

Lbp Am Sa decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,134 shares of the company’s stock after selling 2,931 shares during the quarter. Lbp Am Sa’s holdings in MercadoLibre were worth $52,623,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MELI. Key Financial Inc acquired a new position in shares of MercadoLibre in the first quarter worth about $25,000. GW&K Investment Management LLC acquired a new stake in MercadoLibre during the first quarter valued at approximately $25,000. Close Asset Management Ltd raised its stake in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after buying an additional 11 shares in the last quarter. Brooklyn Investment Group raised its stake in MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after buying an additional 13 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in MercadoLibre during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,336.94 on Wednesday. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The firm has a market capitalization of $118.48 billion, a price-to-earnings ratio of 57.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. The business has a 50 day simple moving average of $2,393.33 and a 200 day simple moving average of $2,340.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Daiwa Capital Markets assumed coverage on MercadoLibre in a research report on Friday, August 1st. They set a “buy” rating and a $3,000.00 price target on the stock. Cantor Fitzgerald increased their price target on MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Raymond James Financial reiterated a “strong-buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Wedbush set a $2,700.00 price target on MercadoLibre and gave the stock an “outperform” rating 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,828.33.

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.