Integrated Advisors Network LLC Decreases Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Integrated Advisors Network LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 72.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185 shares of the company's stock after selling 481 shares during the period. Integrated Advisors Network LLC's holdings in MercadoLibre were worth $361,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MELI. Human Investing LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth $26,000. Park Square Financial Group LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth $26,000. Covestor Ltd purchased a new stake in shares of MercadoLibre during the fourth quarter worth $27,000. Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth $32,000. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth $37,000. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded MercadoLibre from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research note on Wednesday. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. Finally, UBS Group set a $3,000.00 price objective on MercadoLibre in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of "Moderate Buy" and an average price target of $2,632.50.

MercadoLibre Stock Up 0.1%

Shares of MELI stock traded up $3.16 during trading hours on Friday, hitting $2,371.98. 341,577 shares of the company's stock traded hands, compared to its average volume of 386,370. The stock's fifty day simple moving average is $2,340.95 and its two-hundred day simple moving average is $2,074.58. 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 PEG ratio of 1.12 and a beta of 1.51. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same period last year, the business earned $6.78 earnings per share. The business's revenue was up 37.0% on a year-over-year basis. On average, 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.