MercadoLibre, Inc. $MELI Stock Holdings Cut by Vestor Capital LLC

Vestor Capital LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,400 shares of the company’s stock after selling 3,650 shares during the quarter. MercadoLibre comprises 2.4% of Vestor Capital LLC’s portfolio, making the stock its 11th biggest holding. Vestor Capital LLC’s holdings in MercadoLibre were worth $83,661,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AlphaCore Capital LLC lifted its holdings in MercadoLibre by 39.6% in the 3rd quarter. AlphaCore Capital LLC now owns 328 shares of the company’s stock worth $567,000 after purchasing an additional 93 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in MercadoLibre during the third quarter worth approximately $57,000. Hohimer Wealth Management LLC grew its holdings in MercadoLibre by 68.5% during the third quarter. Hohimer Wealth Management LLC now owns 3,153 shares of the company’s stock valued at $5,450,000 after purchasing an additional 1,282 shares during the last quarter. Paragon Advisors LLC grew its holdings in MercadoLibre by 17.4% during the third quarter. Paragon Advisors LLC now owns 1,729 shares of the company’s stock valued at $2,989,000 after purchasing an additional 256 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in MercadoLibre by 14.9% during the third quarter. Brighton Jones LLC now owns 719 shares of the company’s stock valued at $1,242,000 after purchasing an additional 93 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. New Street Research initiated coverage on shares of MercadoLibre in a research report on Wednesday, September 23rd. They issued a “buy” rating and a $2,450.00 price target on the stock. Citigroup raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $2,100.00 to $2,050.00 in a report on Tuesday, October 27th. Scotiabank lowered their target price on shares of MercadoLibre from $2,800.00 to $2,300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 5th. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,200.00 to $2,000.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Finally, Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,180.00.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: MercadoLibre reported 45% year-over-year revenue growth in Q3. Investors also have signs of ongoing marketplace momentum: fulfillment space grew nearly 20% quarter over quarter, and orders through Brazil’s affiliate-marketing channel rose 240% year over year. Article: MercadoLibre: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: A bullish investor view argues the recent selloff may make MELI attractive, emphasizing that users are buying more often and entrusting more money to Mercado Pago despite Brazil’s political jitters and a broader growth-stock pullback. Article: MercadoLibre Stock Looks Attractive Even as Brazil Fears Mount
• Negative Sentiment: Growth is pressuring profitability: shipping expenses and expansion investment are squeezing margins, even as logistics efficiency improves in Brazil. Q3 EPS of $8.83 also missed the $9.27 consensus estimate, tempering the strong revenue result. Article: MercadoLibre’s Growth Strategy Puts Profit Margins to the Test
• Negative Sentiment: JPMorgan cut its price target to $1,850 from $2,150 and kept a neutral rating. Reports also flagged target reductions from Scotiabank and BTIG, adding to pressure on investor expectations, although JPMorgan’s revised target remained above the cited share price. Article: JPMorgan price-target update

MercadoLibre Stock Up 1.5%

MELI opened at $1,532.68 on Tuesday. MercadoLibre, Inc. has a 1-year low of $1,469.01 and a 1-year high of $2,342.00. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $77.71 billion, a price-to-earnings ratio of 41.11, a P/E/G ratio of 1.22 and a beta of 1.42. The business has a 50 day moving average of $1,799.34 and a 200-day moving average of $1,801.93.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, November 4th. The company reported $8.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.27 by ($0.44). MercadoLibre had a return on equity of 25.93% and a net margin of 4.91%. The company had revenue of $10.75 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the firm posted $8.32 EPS. The company’s revenue was up 45.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 38.21 earnings per share for the current year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an online commerce and financial technology platform focused on Latin America. Founded in Argentina in 1999, the company connects buyers and sellers through its marketplace, where businesses and individuals can list and purchase a wide range of products.

The company’s services also include Mercado Pago, which offers digital payment and financial services for transactions on and off its marketplace. MercadoLibre supports commerce with services such as Mercado Envíos, its shipping and logistics platform, and provides advertising tools for merchants and brands.

MercadoLibre serves customers and businesses across numerous Latin American markets, including Brazil, Mexico and Argentina.