MercadoLibre, Inc. $MELI Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 95.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26 shares of the company’s stock after selling 561 shares during the period. Anchor Investment Management LLC’s holdings in MercadoLibre were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MELI. Tyler Stone Wealth Management bought a new stake in shares of MercadoLibre in the 2nd quarter worth about $225,000. Geneos Wealth Management Inc. grew its stake in MercadoLibre by 26.6% in the second quarter. Geneos Wealth Management Inc. now owns 119 shares of the company’s stock worth $311,000 after purchasing an additional 25 shares in the last quarter. Ashford Capital Management Inc. grew its stake in MercadoLibre by 0.7% in the second quarter. Ashford Capital Management Inc. now owns 1,079 shares of the company’s stock worth $2,820,000 after purchasing an additional 8 shares in the last quarter. Caxton Associates LLP bought a new stake in MercadoLibre in the second quarter valued at about $3,230,000. Finally, AMS Capital Ltda bought a new stake in MercadoLibre in the second quarter valued at about $5,711,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on MELI shares. Barclays increased their target price on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Susquehanna reduced their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Monday, October 13th. Wedbush lifted their price objective on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. UBS Group dropped their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Finally, Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,848.82.

MercadoLibre Trading Down 2.4%

MercadoLibre stock opened at $1,966.76 on Tuesday. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a market capitalization of $99.71 billion, a PE ratio of 47.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. The firm has a 50 day simple moving average of $2,117.39 and a 200-day simple moving average of $2,309.16.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The firm had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the company earned $7.83 earnings per share. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Insider Activity

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the sale, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,136 shares of company stock worth $2,308,788 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

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.