Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 14.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,219 shares of the company's stock after selling 21,541 shares during the quarter. MercadoLibre accounts for about 0.5% of Universal Beteiligungs und Servicegesellschaft mbH's investment portfolio, making the stock its 26th biggest position. Universal Beteiligungs und Servicegesellschaft mbH owned 0.26% of MercadoLibre worth $254,040,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Prospect Financial Services LLC lifted its holdings in shares of MercadoLibre by 41.7% during the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock valued at $663,000 after purchasing an additional 100 shares during the last quarter. Stratos Investment Management LLC purchased a new stake in shares of MercadoLibre during the 1st quarter valued at $203,000. JARISLOWSKY FRASER Ltd lifted its holdings in shares of 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 purchasing an additional 987 shares during the last quarter. Avant Financial Advisors LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $316,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $2,500,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MELI. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Barclays cut their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research report on Wednesday. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Jefferies Financial Group reaffirmed a "hold" rating and set a $2,800.00 price target (up from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. Finally, Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $2,639.69.

MercadoLibre Trading Down 0.1%

Shares of NASDAQ MELI traded down $2.58 during midday trading on Thursday, reaching $2,391.86. 120,048 shares of the stock were exchanged, compared to its average volume of 394,333. The company has a 50 day simple moving average of $2,484.25 and a 200 day simple moving average of $2,193.98. The stock has a market capitalization of $121.26 billion, a P/E ratio of 58.83, a PEG ratio of 1.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a twelve month low of $1,579.78 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted 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 firm 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%. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the firm earned $6.78 EPS. As a group, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.