GFS Advisors LLC Lowers Stake in MercadoLibre, Inc. $MELI

Key Points

• GFS Advisors LLC reduced its stake in MercadoLibre, Inc. by 35.7% in the second quarter, holding only 236 shares after selling 131 shares during that period.
• Other institutional investors, including Ninety One North America and Banco Santander, lifted their positions significantly, with Banco Santander increasing its stake by 221.9%.
• MercadoLibre's latest earnings report showed a net margin of 8.52% and revenue growth of 33.8% year-over-year, despite missing analysts' EPS estimates by $1.70.

GFS Advisors LLC lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 35.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236 shares of the company's stock after selling 131 shares during the period. GFS Advisors LLC's holdings in MercadoLibre were worth $618,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ninety One North America Inc. lifted its holdings in shares of MercadoLibre by 21.5% during the 2nd quarter. Ninety One North America Inc. now owns 6,094 shares of the company's stock valued at $15,927,000 after purchasing an additional 1,080 shares during the last quarter. Banco Santander S.A. lifted its holdings in shares of MercadoLibre by 221.9% during the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company's stock valued at $5,357,000 after purchasing an additional 1,893 shares during the last quarter. Stratos Investment Management LLC purchased a new stake in shares of MercadoLibre during the 1st quarter valued at $203,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of MercadoLibre by 8.5% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,257 shares of the company's stock valued at $5,899,000 after purchasing an additional 177 shares during the last quarter. Finally, Bosman Wealth Management LLC increased its position in shares of MercadoLibre by 88.5% in the 2nd quarter. Bosman Wealth Management LLC now owns 1,001 shares of the company's stock valued at $2,616,000 after acquiring an additional 470 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,133.67 on Friday. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $108.17 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. The stock's 50-day moving average price is $2,363.50 and its 200-day moving average price is $2,346.09.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank assumed coverage on MercadoLibre in a research report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 target price on the stock. Benchmark reissued a "buy" rating and issued a $2,875.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Citigroup cut their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a "buy" rating on the stock in a research report on Thursday. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Wedbush set a $2,700.00 target price on MercadoLibre and gave the company an "outperform" rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average target price of $2,815.29.

About MercadoLibre

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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