Deutsche Bank AG Sells 2,859 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• Deutsche Bank AG reduced its stake in MercadoLibre by 1.9%, now holding 0.28% of the company, valued at approximately $281 million.
• Analysts have mixed views on MercadoLibre's stock, with a consensus price target of $2,795.00 and recommendations ranging from "hold" to "buy."
• MercadoLibre reported a 33.8% increase in revenue year-over-year, despite a miss in EPS estimates for its latest quarterly earnings results.

Deutsche Bank AG decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 144,183 shares of the company's stock after selling 2,859 shares during the period. Deutsche Bank AG owned approximately 0.28% of MercadoLibre worth $281,282,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MELI. Key Financial Inc acquired a new stake in MercadoLibre during the 1st quarter worth $25,000. GW&K Investment Management LLC bought a new stake in shares of MercadoLibre in the first quarter worth about $25,000. Close Asset Management Ltd raised its position in shares of MercadoLibre by 366.7% during 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. Park Square Financial Group LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $26,000. Finally, Covestor Ltd acquired a new position in shares of MercadoLibre in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research analyst reports. Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Benchmark reiterated a "buy" rating and set a $2,875.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Scotiabank started coverage on MercadoLibre in a research report on Monday, July 28th. They set a "sector outperform" rating and a $3,500.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,795.00.

MercadoLibre Stock Performance

NASDAQ:MELI traded up $72.03 on Tuesday, hitting $2,364.07. The company's stock had a trading volume of 217,939 shares, compared to its average volume of 394,584. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The firm has a market capitalization of $119.86 billion, a P/E ratio of 58.39, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The stock has a fifty day moving average of $2,431.57 and a two-hundred day moving average of $2,250.90. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $10.48 EPS. The company's revenue for the quarter was up 33.8% compared to the same quarter last year. Research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share 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.