Oppenheimer & Co. Inc. Has $372,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Oppenheimer & Co. Inc. trimmed its stake in MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) by 31.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440 shares of the company’s stock after selling 206 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in MercadoLibre were worth $372,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Baron Silver Stevens Financial Advisors LLC bought a new stake in MercadoLibre in the third quarter worth about $456,000. Amalgamated Bank increased its holdings in MercadoLibre by 93.8% during the 3rd quarter. Amalgamated Bank now owns 31 shares of the company’s stock worth $26,000 after acquiring an additional 15 shares during the period. Huntington National Bank increased its holdings in MercadoLibre by 45.8% during the 3rd quarter. Huntington National Bank now owns 35 shares of the company’s stock worth $29,000 after acquiring an additional 11 shares during the period. Atlas Capital Advisors LLC increased its holdings in MercadoLibre by 414.3% during the 3rd quarter. Atlas Capital Advisors LLC now owns 36 shares of the company’s stock worth $30,000 after acquiring an additional 29 shares during the period. Finally, CVA Family Office LLC increased its holdings in MercadoLibre by 3,600.0% during the 3rd quarter. CVA Family Office LLC now owns 37 shares of the company’s stock worth $31,000 after acquiring an additional 36 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 150 shares of MercadoLibre stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $1,256.00, for a total transaction of $188,400.00. Following the transaction, the director now owns 115 shares of the company’s stock, valued at $144,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America upped their target price on shares of MercadoLibre from $1,400.00 to $1,680.00 and gave the stock a “buy” rating in a report on Thursday, April 13th. Credit Suisse Group decreased their price target on shares of MercadoLibre from $1,750.00 to $1,700.00 in a report on Tuesday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $1,600.00 to $1,700.00 in a report on Monday, May 8th. Citigroup upped their price objective on shares of MercadoLibre from $1,100.00 to $1,460.00 in a research note on Friday, March 3rd. Finally, Morgan Stanley upped their price objective on shares of MercadoLibre from $1,620.00 to $1,770.00 in a research note on Friday, March 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,480.50.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,279.67 on Monday. The firm’s 50-day moving average price is $1,250.05 and its 200-day moving average price is $1,086.64. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 1.23. The company has a market cap of $64.25 billion, a PE ratio of 104.81, a PEG ratio of 1.68 and a beta of 1.57. MercadoLibre, Inc. has a 52-week low of $600.68 and a 52-week high of $1,337.75.

MercadoLibre (NASDAQ:MELI – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $3.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.93. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.88 billion. MercadoLibre had a net margin of 5.46% and a return on equity of 34.92%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. As a group, analysts anticipate that MercadoLibre, Inc. will post 15.55 EPS for the current year.

MercadoLibre Profile

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MercadoLibre, Inc engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America.