MercadoLibre, Inc. $MELI Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 24.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120 shares of the company’s stock after selling 38 shares during the period. International Assets Investment Management LLC’s holdings in MercadoLibre were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Key Financial Inc acquired a new position in MercadoLibre in the first quarter valued at $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre in the first quarter valued at $25,000. Close Asset Management Ltd boosted its stake in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in MercadoLibre by 366.7% in the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after acquiring an additional 11 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 2.2%

Shares of MercadoLibre stock opened at $2,095.21 on Thursday. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The stock has a market cap of $106.23 billion, a PE ratio of 51.75, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The company has a 50-day moving average of $2,323.69 and a two-hundred day moving average of $2,351.01.

MercadoLibre (NASDAQ:MELI) last issued its earnings results 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 net margin of 8.52% and a return on equity of 43.06%. The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same period last year, the business posted $10.48 earnings per share. The company’s quarterly revenue was up 33.8% on a year-over-year basis. On average, research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on MELI. Wedbush set a $2,700.00 price objective on shares of MercadoLibre and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Citigroup decreased their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Scotiabank assumed coverage on shares of MercadoLibre in a research note on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of MercadoLibre in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,799.12.

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.