MercadoLibre, Inc. $MELI Stake Decreased by Investment House LLC

Investment House LLC lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,989 shares of the company’s stock after selling 832 shares during the period. MercadoLibre accounts for about 1.3% of Investment House LLC’s investment portfolio, making the stock its 18th biggest holding. Investment House LLC’s holdings in MercadoLibre were worth $28,178,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MELI. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter valued at approximately $29,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the third quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.6%

MercadoLibre stock opened at $1,594.86 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market cap of $80.86 billion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22. The firm’s 50 day moving average price is $1,727.23 and its two-hundred day moving average price is $1,933.17.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter last year, the firm posted $9.74 EPS. On average, research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MELI shares. BTIG Research lowered their price objective on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research note on Friday, May 8th. Scotiabank lowered their price objective on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,255.33.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.