Blair William & Co. IL lessened its position in shares of Mercadolibre Inc (NASDAQ:MELI) by 72.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,175 shares of the company’s stock after selling 5,790 shares during the quarter. Blair William & Co. IL’s holdings in Mercadolibre were worth $775,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortis Advisors LLC acquired a new position in shares of Mercadolibre during the first quarter valued at $112,000. Dumac Inc. lifted its stake in shares of Mercadolibre by 105.6% during the fourth quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after acquiring an additional 190 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of Mercadolibre during the fourth quarter valued at $140,000. Elkfork Partners LLC acquired a new position in shares of Mercadolibre during the fourth quarter valued at $185,000. Finally, Green Square Capital LLC acquired a new position in shares of Mercadolibre during the fourth quarter valued at $200,000. 87.87% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on MELI. Cowen reaffirmed a “hold” rating and set a $373.00 price target on shares of Mercadolibre in a research note on Tuesday, April 17th. BidaskClub lowered Mercadolibre from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. ValuEngine lowered Mercadolibre from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research lowered Mercadolibre from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 27th. Finally, Barclays cut their price target on Mercadolibre from $410.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $337.05.
Mercadolibre opened at $290.86 on Friday, MarketBeat Ratings reports. Mercadolibre Inc has a 1-year low of $217.06 and a 1-year high of $417.91. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 114.96 and a beta of 2.00.
Mercadolibre (NASDAQ:MELI) last released its earnings results on Wednesday, May 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.73). The company had revenue of $320.98 million during the quarter, compared to analyst estimates of $416.15 million. Mercadolibre had a negative net margin of 3.30% and a positive return on equity of 13.98%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. research analysts anticipate that Mercadolibre Inc will post 0.38 EPS for the current year.
In other Mercadolibre news, Director Meyer Malka purchased 16,500 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were bought at an average price of $301.40 per share, with a total value of $4,973,100.00. Following the completion of the transaction, the director now directly owns 1,708 shares in the company, valued at approximately $514,791.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have bought 34,726 shares of company stock worth $10,451,306. 0.32% of the stock is currently owned by insiders.
Mercadolibre Company Profile
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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