Dynamic Advisor Solutions LLC Sells 492 Shares of MercadoLibre, Inc. $MELI

Key Points

• Dynamic Advisor Solutions LLC reduced its holdings in MercadoLibre, Inc. by 43.5% in the second quarter, now owning just 640 shares worth approximately $1.67 million.
• MercadoLibre reported earnings of $10.31 per share for the last quarter, which missed analysts' expectations of $12.01, despite revenue reaching $6.79 billion.
• Brokerages have varying ratings for MercadoLibre, with a consensus rating of "Moderate Buy" and a target price of $2,817.22.

Dynamic Advisor Solutions LLC lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 43.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 640 shares of the company's stock after selling 492 shares during the period. Dynamic Advisor Solutions LLC's holdings in MercadoLibre were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MELI. Key Financial Inc purchased a new position in MercadoLibre in the first quarter valued at about $25,000. GW&K Investment Management LLC bought a new position in shares of MercadoLibre during the 1st quarter valued at $25,000. Park Square Financial Group LLC purchased a new stake in MercadoLibre during the 4th quarter valued at $26,000. Close Asset Management Ltd boosted its stake in shares of MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after acquiring an additional 13 shares during the period. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ:MELI traded down $24.03 during midday trading on Friday, reaching $2,452.34. 416,882 shares of the company traded hands, compared to its average volume of 367,642. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The company has a fifty day moving average price of $2,382.11 and a 200 day moving average price of $2,316.57. The firm has a market capitalization of $124.33 billion, a price-to-earnings ratio of 60.57, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $6.57 billion. During the same period in the previous year, the firm posted $10.48 earnings per share. The firm's quarterly revenue was up 33.8% on a year-over-year basis. On average, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MELI. Citigroup reduced their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Barclays lowered their price target on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Benchmark reaffirmed a "buy" rating and set a $2,875.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a research report on Friday, August 1st. They set a "buy" rating and a $3,000.00 price target on the stock. Finally, Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average target price of $2,817.22.

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.