MercadoLibre, Inc. $MELI Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 401 shares of the company’s stock after selling 39 shares during the period. Koshinski Asset Management Inc.’s holdings in MercadoLibre were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Optimize Financial Inc increased its stake in shares of MercadoLibre by 1.7% during the first quarter. Optimize Financial Inc now owns 238 shares of the company’s stock worth $464,000 after purchasing an additional 4 shares in the last quarter. Range Financial Group LLC increased its stake in shares of MercadoLibre by 2.7% during the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock worth $491,000 after purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of MercadoLibre by 26.3% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock worth $63,000 after purchasing an additional 5 shares in the last quarter. Forum Financial Management LP increased its stake in shares of MercadoLibre by 3.1% during the first quarter. Forum Financial Management LP now owns 199 shares of the company’s stock worth $388,000 after purchasing an additional 6 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of MercadoLibre by 37.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,024.98 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The firm has a market capitalization of $102.67 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 1.37 and a beta of 1.46. The company’s 50-day moving average is $2,336.31 and its two-hundred day moving average is $2,352.44. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted 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). The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.48 earnings per share. Analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MELI. Cantor Fitzgerald boosted their target price on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. lowered their price target on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Jefferies Financial Group restated a “hold” rating and set a $2,800.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a research report on Friday, August 1st. They set a “buy” rating and a $3,000.00 price target on the stock. Finally, Wall Street Zen lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,810.88.

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.