MercadoLibre, Inc. $MELI Shares Sold by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 87.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126 shares of the company’s stock after selling 910 shares during the quarter. Altfest L J & Co. Inc.’s holdings in MercadoLibre were worth $254,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the second quarter worth approximately $29,000. Holos Integrated Wealth LLC acquired a new stake in MercadoLibre during the fourth quarter worth approximately $32,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre during the third quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in MercadoLibre during the third quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. boosted its position in MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,773.96 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The company has a market cap of $89.94 billion, a P/E ratio of 45.02, a P/E/G ratio of 0.93 and a beta of 1.49. MercadoLibre, Inc. has a fifty-two week low of $1,593.21 and a fifty-two week high of $2,645.22. The firm’s 50 day moving average is $1,814.99 and its two-hundred day moving average is $2,013.83.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $11.03 earnings per share for the quarter. The company had revenue of $8.76 billion for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. Analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MELI. Barclays decreased their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered shares of MercadoLibre from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and decreased their target price for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Finally, Morgan Stanley decreased their target price on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,695.33.

Check Out Our Latest Analysis on MercadoLibre

Key Headlines Impacting MercadoLibre

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MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

See Also

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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