Paragon Capital Management Inc. Sells 423 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Paragon Capital Management Inc. lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 25.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,214 shares of the company's stock after selling 423 shares during the quarter. MercadoLibre accounts for 1.9% of Paragon Capital Management Inc.'s portfolio, making the stock its 12th biggest holding. Paragon Capital Management Inc.'s holdings in MercadoLibre were worth $2,368,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in MercadoLibre during the fourth quarter valued at $26,000. Covestor Ltd bought a new position in shares of MercadoLibre in the fourth quarter worth about $27,000. Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 buying an additional 15 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at approximately $37,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.8%

NASDAQ:MELI opened at $2,560.20 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $129.80 billion, a P/E ratio of 62.97, a P/E/G ratio of 1.51 and a beta of 1.51. The company's 50-day simple moving average is $2,422.92 and its 200-day simple moving average is $2,104.82. MercadoLibre, Inc. has a fifty-two week low of $1,563.21 and a fifty-two week high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. MercadoLibre's revenue was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $6.78 earnings per share. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MELI shares. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a report on Monday, June 2nd. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald lowered their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and an average target price of $2,645.94.

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.

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