Exane Derivatives Sells 245 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Exane Derivatives decreased its stake in MercadoLibre, Inc. (NASDAQ:MELIGet Rating) by 50.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240 shares of the company’s stock after selling 245 shares during the period. Exane Derivatives’ holdings in MercadoLibre were worth $153,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MELI. UMB Bank N A MO increased its stake in shares of MercadoLibre by 550.0% in the first quarter. UMB Bank N A MO now owns 26 shares of the company’s stock worth $31,000 after purchasing an additional 22 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of MercadoLibre in the first quarter worth about $31,000. San Luis Wealth Advisors LLC purchased a new position in MercadoLibre during the first quarter valued at approximately $31,000. CVA Family Office LLC purchased a new position in MercadoLibre during the first quarter valued at approximately $32,000. Finally, Corsicana & Co. purchased a new position in MercadoLibre during the first quarter valued at approximately $36,000. Institutional investors own 89.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $1,300.00 to $1,350.00 in a research note on Monday, August 8th. Citigroup reduced their price objective on shares of MercadoLibre from $1,500.00 to $1,150.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. KGI Securities assumed coverage on shares of MercadoLibre in a research note on Monday, June 6th. They set an “outperform” rating for the company. Stifel Nicolaus reduced their price objective on shares of MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. Finally, Jefferies Financial Group reduced their price objective on shares of MercadoLibre from $850.00 to $800.00 in a research note on Thursday, July 21st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,388.18.

MercadoLibre Trading Down 2.9 %

Shares of MELI opened at $905.69 on Wednesday. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 191.48 and a beta of 1.63. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.27 and a current ratio of 1.30. MercadoLibre, Inc. has a fifty-two week low of $600.68 and a fifty-two week high of $1,913.77. The firm has a 50 day moving average price of $882.24 and a 200-day moving average price of $897.69.

MercadoLibre (NASDAQ:MELIGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.75. MercadoLibre had a net margin of 2.68% and a return on equity of 19.66%. During the same period last year, the business posted $1.37 earnings per share. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 7.78 earnings per share for the current year.

MercadoLibre Company Profile

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MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.

See Also

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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