MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lowered its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,393 shares of the company's stock after selling 930 shares during the quarter. MercadoLibre comprises about 3.7% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s portfolio, making the stock its 8th biggest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in MercadoLibre were worth $18,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MELI. Prospect Financial Services LLC raised its holdings in MercadoLibre by 41.7% during the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock worth $663,000 after buying an additional 100 shares during the period. Stratos Investment Management LLC purchased a new position in MercadoLibre during the 1st quarter valued at about $203,000. JARISLOWSKY FRASER Ltd grew its stake in MercadoLibre by 43.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock valued at $5,525,000 after acquiring an additional 987 shares in the last quarter. Avant Financial Advisors LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $316,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new position in MercadoLibre during the 4th quarter valued at about $2,500,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MELI. Susquehanna reissued a "positive" rating and issued a $2,975.00 price target (up previously from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. UBS Group set a $3,000.00 target price on MercadoLibre in a research report on Monday, June 2nd. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Cantor Fitzgerald decreased their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.

MercadoLibre Price Performance

MercadoLibre stock traded up $15.29 during mid-day trading on Tuesday, hitting $2,394.35. 88,062 shares of the company were exchanged, compared to its average volume of 387,254. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $2,492.77 and a 200 day moving average of $2,187.43. MercadoLibre, Inc. has a 1-year low of $1,579.78 and a 1-year high of $2,645.22. The company has a market capitalization of $121.39 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.82 by $1.92. The business 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 quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the business earned $6.78 earnings per share. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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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