MercadoLibre, Inc. $MELI Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC reduced its stake in MercadoLibre, Inc. by 79%, owning just 42 shares worth approximately $110,000 as of the latest SEC filing.
• MercadoLibre's latest quarterly earnings revealed an EPS of $10.31, falling short of analysts' expectations of $12.01, despite revenue increasing by 33.8% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for MercadoLibre, with a price target averaging around $2,810.88, reflecting confidence in the company's growth potential.

Interchange Capital Partners LLC trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 79.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42 shares of the company's stock after selling 158 shares during the quarter. Interchange Capital Partners LLC's holdings in MercadoLibre were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MELI. Key Financial Inc acquired a new stake in shares of MercadoLibre during the 1st quarter worth approximately $25,000. GW&K Investment Management LLC acquired a new stake in shares of MercadoLibre during the 1st quarter worth approximately $25,000. Close Asset Management Ltd raised its position in shares of MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the period. Brooklyn Investment Group raised its position in shares of MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after purchasing an additional 13 shares during the period. Finally, Twin Tree Management LP acquired a new stake in shares of MercadoLibre during the 1st quarter worth approximately $29,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $2,157.82 on Wednesday. The stock has a fifty day moving average price of $2,354.09 and a two-hundred day moving average price of $2,347.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The firm has a market cap of $109.40 billion, a P/E ratio of 53.29, a PEG ratio of 1.45 and a beta of 1.46. MercadoLibre, Inc. has a 1 year low of $1,646.00 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the previous year, the business posted $10.48 earnings per share. Research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Cantor Fitzgerald increased their price target on MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Benchmark restated a "buy" rating and issued a $2,875.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. 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. Jefferies Financial Group restated a "hold" rating and issued a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Citigroup lowered 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, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,810.88.

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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