Catalyst Capital Advisors LLC Decreases Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Catalyst Capital Advisors LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 74.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30 shares of the company’s stock after selling 89 shares during the period. Catalyst Capital Advisors LLC’s holdings in MercadoLibre were worth $40,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of MercadoLibre by 185.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20 shares of the company’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of MercadoLibre by 900.0% during the 1st quarter. NewSquare Capital LLC now owns 20 shares of the company’s stock valued at $26,000 after buying an additional 18 shares in the last quarter. Sageworth Trust Co purchased a new position in shares of MercadoLibre during the 1st quarter valued at about $30,000. Pacifica Partners Inc. bought a new position in MercadoLibre during the 1st quarter worth approximately $31,000. Finally, GPS Wealth Strategies Group LLC bought a new position in MercadoLibre during the 1st quarter worth approximately $37,000. 80.01% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 0.6 %

NASDAQ MELI opened at $1,428.19 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.28 and a debt-to-equity ratio of 1.10. MercadoLibre, Inc. has a twelve month low of $754.76 and a twelve month high of $1,451.56. The firm has a market capitalization of $71.54 billion, a PE ratio of 95.60, a P/E/G ratio of 1.49 and a beta of 1.51. The stock’s 50 day moving average is $1,255.12 and its 200 day moving average is $1,247.19.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.13 by $1.03. MercadoLibre had a return on equity of 39.07% and a net margin of 6.23%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. Research analysts forecast that MercadoLibre, Inc. will post 20.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

MELI has been the topic of several recent research reports. StockNews.com initiated coverage on MercadoLibre in a research report on Thursday, August 17th. They set a “hold” rating on the stock. TheStreet upgraded MercadoLibre from a “c+” rating to a “b-” rating in a research report on Wednesday. Bank of America lowered MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $1,680.00 to $1,350.00 in a research report on Monday, July 10th. Wedbush initiated coverage on MercadoLibre in a research report on Monday, August 21st. They set an “outperform” rating and a $1,500.00 price target on the stock. Finally, The Goldman Sachs Group raised their price target on MercadoLibre from $1,910.00 to $2,180.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,645.00.

MercadoLibre Company Profile

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.