Aubrey Capital Management Ltd Decreases Stake in MercadoLibre, Inc. $MELI

Key Points

• Aubrey Capital Management Ltd has decreased its stake in MercadoLibre, Inc. by 15.6%, holding 12,483 shares worth approximately $32.6 million, with MercadoLibre being the firm's biggest position.
• Several institutional investors have shown interest in MercadoLibre, with new positions opened by Key Financial Inc and GW&K Investment Management LLC worth $25,000 each in the first quarter.
• Wall Street analysts have mixed views on MercadoLibre, with a consensus price target of $2,810.88, while earnings per share for the recent quarter fell short of expectations, reporting $10.31 compared to a forecast of $12.01.

Aubrey Capital Management Ltd lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,483 shares of the company's stock after selling 2,310 shares during the period. MercadoLibre makes up about 11.8% of Aubrey Capital Management Ltd's holdings, making the stock its biggest position. Aubrey Capital Management Ltd's holdings in MercadoLibre were worth $32,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Key Financial Inc bought a new position in shares of MercadoLibre in the 1st quarter worth $25,000. GW&K Investment Management LLC bought a new position in shares of MercadoLibre in the 1st quarter worth $25,000. Close Asset Management Ltd increased its holdings in shares of MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after buying an additional 11 shares during the last quarter. Highline Wealth Partners LLC increased its holdings in shares of MercadoLibre by 366.7% in the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company's stock worth $37,000 after buying an additional 11 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after buying an additional 13 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. Scotiabank initiated coverage on shares of MercadoLibre in a report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 price target on the stock. Cantor Fitzgerald increased their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. decreased their price target on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating on the stock in a report on Friday, October 3rd. Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,810.88.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $2,043.06 on Friday. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. The stock has a market capitalization of $103.58 billion, a price-to-earnings ratio of 50.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.46. The company has a fifty day moving average of $2,342.88 and a 200-day moving average of $2,345.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. During the same period last year, the company posted $10.48 EPS. MercadoLibre's revenue for the quarter was up 33.8% on a year-over-year basis. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre Company Profile

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.

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