Motley Fool Asset Management LLC Sells 152 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• Motley Fool Asset Management LLC decreased its stake in MercadoLibre, Inc. by 3.0%, selling 152 shares and now holding 4,883 shares valued at approximately $9.5 million.
• Recent analyst reports show varying ratings for MELI, with Barclays reducing its price target from $3,100 to $3,000, while thirteen analysts continue to hold a "buy" rating on the stock.
• MercadoLibre reported $10.31 earnings per share for Q2, missing estimates by $1.70, although its revenue increased 33.8% year-over-year to $6.79 billion.

Motley Fool Asset Management LLC cut its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,883 shares of the company's stock after selling 152 shares during the quarter. Motley Fool Asset Management LLC's holdings in MercadoLibre were worth $9,526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MELI. Key Financial Inc bought a new stake in shares of MercadoLibre in the first quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in shares of MercadoLibre in the first quarter valued at about $25,000. Close Asset Management Ltd raised its stake in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares in the last quarter. Park Square Financial Group LLC bought a new stake in MercadoLibre during the fourth quarter worth about $26,000. Finally, Covestor Ltd bought a new stake in MercadoLibre during the fourth quarter worth about $27,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

MELI has been the subject of several recent analyst reports. Barclays cut their price objective on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Susquehanna reaffirmed a "positive" rating and set a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Benchmark reissued a "buy" rating and issued a $2,875.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, Daiwa Capital Markets began coverage on shares of MercadoLibre in a report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 target price for the company. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,795.00.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,353.70 on Monday. The company has a market capitalization of $119.33 billion, a PE ratio of 58.13, a P/E/G ratio of 1.47 and a beta of 1.46. The company has a 50 day simple moving average of $2,437.60 and a two-hundred day simple moving average of $2,247.76. 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 fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company posted $10.48 EPS. Research analysts anticipate 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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