MercadoLibre, Inc. $MELI Stock Holdings Lessened by Natural Investments LLC

Natural Investments LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 38.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 563 shares of the company’s stock after selling 346 shares during the period. Natural Investments LLC’s holdings in MercadoLibre were worth $955,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC bought a new position in MercadoLibre in the second quarter worth about $29,000. Transamerica Financial Advisors LLC acquired a new position in MercadoLibre in the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $28,000. Curio Wealth LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,963.49 on Wednesday. The firm’s 50 day moving average is $1,838.99 and its two-hundred day moving average is $1,769.50. The firm has a market capitalization of $99.55 billion, a P/E ratio of 53.40, a PEG ratio of 1.33 and a beta of 1.31. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the previous year, the firm posted $10.31 earnings per share. The business’s revenue was up 49.8% on a year-over-year basis. Analysts anticipate that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MELI. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. Cantor Fitzgerald upped their price objective on MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Scotiabank cut their target price on 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, Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,272.00.

About MercadoLibre

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.