Dakota Wealth Management Has $1.38 Million Stock Position in MercadoLibre, Inc. $MELI

Dakota Wealth Management lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 78.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 686 shares of the company’s stock after selling 2,561 shares during the period. Dakota Wealth Management’s holdings in MercadoLibre were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MELI. Bison Wealth LLC bought a new stake in MercadoLibre during the 4th quarter valued at $206,000. Empowered Funds LLC lifted its stake in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after buying an additional 178 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MercadoLibre during the second quarter worth about $261,000. Finally, Prudential Financial Inc. increased its position in shares of MercadoLibre by 19.5% during the second quarter. Prudential Financial Inc. now owns 588 shares of the company’s stock worth $1,537,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MELI. BTIG Research dropped their price target on shares of MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Weiss Ratings downgraded MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and cut their target price for the company from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,708.67.

MercadoLibre Trading Down 1.9%

NASDAQ:MELI opened at $1,599.52 on Friday. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22. The firm has a 50-day moving average price of $1,901.13 and a two-hundred day moving average price of $2,064.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $81.10 billion, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.MercadoLibre’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $12.61 EPS. On average, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Profile

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.