Bensler LLC Sells 114 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Bensler LLC lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,642 shares of the company's stock after selling 114 shares during the quarter. Bensler LLC's holdings in MercadoLibre were worth $9,057,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Human Investing LLC purchased a new position in MercadoLibre during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new position in MercadoLibre during the fourth quarter valued at approximately $26,000. Covestor Ltd purchased a new position in MercadoLibre during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC purchased a new position in MercadoLibre during the fourth quarter valued at approximately $32,000. Finally, Stonebridge Financial Group LLC purchased a new position in MercadoLibre during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

MELI traded up $3.16 during trading hours on Friday, hitting $2,371.98. The company's stock had a trading volume of 341,577 shares, compared to its average volume of 385,718. The business's 50-day moving average price is $2,330.03 and its 200-day moving average price is $2,072.57. MercadoLibre, Inc. has a 12 month low of $1,550.00 and a 12 month high of $2,635.88. The stock has a market cap of $120.25 billion, a price-to-earnings ratio of 62.92, a P/E/G ratio of 1.12 and a beta of 1.51. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter in the previous year, the business posted $6.78 earnings per share. MercadoLibre's quarterly revenue was up 37.0% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several recent analyst reports. Susquehanna lifted their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. The Goldman Sachs Group lifted their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Bank of America lifted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,632.50.

MercadoLibre 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.