Capital Investment Advisory Services LLC Sells 169 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Capital Investment Advisory Services LLC decreased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 23.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551 shares of the company's stock after selling 169 shares during the period. Capital Investment Advisory Services LLC's holdings in MercadoLibre were worth $1,075,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth $26,000. Covestor Ltd purchased a new stake in shares of MercadoLibre during the fourth quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in MercadoLibre in the 4th quarter worth about $32,000. VSM Wealth Advisory LLC bought a new stake in MercadoLibre in the 4th quarter worth about $37,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in MercadoLibre by 375.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock valued at $37,000 after acquiring an additional 15 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MELI shares. Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Susquehanna reissued a "positive" rating and set a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. 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 report on Thursday, June 5th. Finally, Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,645.94.

MercadoLibre Price Performance

Shares of MELI stock traded down $12.97 on Monday, hitting $2,501.08. 311,383 shares of the stock traded hands, compared to its average volume of 388,712. The firm has a market cap of $126.80 billion, a price-to-earnings ratio of 61.51, a PEG ratio of 1.49 and a beta of 1.49. MercadoLibre, Inc. has a 52 week low of $1,579.78 and a 52 week high of $2,645.22. The firm has a 50 day simple moving average of $2,469.05 and a two-hundred day simple moving average of $2,139.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm's revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.78 EPS. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.