MercadoLibre, Inc. $MELI Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Key Points

• Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its stake in MercadoLibre, Inc. by 33.6% during the second quarter, holding 6,237 shares worth approximately $16.3 million.
• The company reported earnings per share (EPS) of $10.31 for the latest quarter, missing analysts' estimates of $12.01, despite a year-over-year revenue increase of 33.8% to $6.79 billion.
• Wall Street analysts have set a consensus price target of $2,815.29 for MercadoLibre, with ratings ranging from "Strong Buy" to "Hold."

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 33.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,237 shares of the company's stock after selling 3,156 shares during the quarter. MercadoLibre comprises 1.9% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s portfolio, making the stock its 19th largest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in MercadoLibre were worth $16,301,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MELI. Key Financial Inc acquired a new position in MercadoLibre during the 1st quarter worth $25,000. GW&K Investment Management LLC bought a new stake in shares of MercadoLibre during the first quarter valued at about $25,000. Close Asset Management Ltd lifted its holdings in MercadoLibre by 366.7% in the first 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. Highline Wealth Partners LLC lifted its holdings in MercadoLibre by 366.7% in the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company's stock worth $37,000 after purchasing an additional 11 shares during the period. Finally, Brooklyn Investment Group grew its position in MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after buying an additional 13 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,133.67 on Friday. The company 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 company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a fifty day moving average of $2,363.50 and a 200-day moving average of $2,346.09. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its 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). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the previous year, the firm earned $10.48 earnings per share. The business's revenue was up 33.8% compared to the same quarter last year. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Susquehanna restated a "positive" rating and set a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Wedbush set a $2,700.00 target price on MercadoLibre and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Scotiabank started coverage on MercadoLibre in a research report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 target price for the company. Barclays lowered their price target on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group restated a "hold" rating and issued a $2,800.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,815.29.

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.

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