MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Deutsche Bank AG

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 cut its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,183 shares of the company's stock after selling 2,859 shares during the period. Deutsche Bank AG owned 0.28% of MercadoLibre worth $281,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Key Financial Inc acquired a new stake in MercadoLibre during the 1st quarter valued at approximately $25,000. GW&K Investment Management LLC acquired a new stake in MercadoLibre during the 1st quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $26,000. Covestor Ltd acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $27,000. Finally, Close Asset Management Ltd lifted its stake in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after acquiring an additional 11 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on MELI shares. Benchmark restated a "buy" rating and set a $2,875.00 price objective on shares of MercadoLibre in a research note on Tuesday. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Susquehanna restated a "positive" rating and set a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a research note on Friday, August 1st. They issued a "buy" rating and a $3,000.00 target price for the company. Finally, Barclays decreased their target price on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $2,795.00.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,334.82 on Friday. The firm has a market cap of $118.37 billion, a PE ratio of 57.66, a PEG ratio of 1.42 and a beta of 1.46. The firm has a fifty day moving average of $2,441.77 and a 200 day moving average of $2,238.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. 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 quarterly earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%. MercadoLibre's revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.48 EPS. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS 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.

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