V Square Quantitative Management LLC Sells 10 Shares of MercadoLibre, Inc. $MELI

V Square Quantitative Management LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,007 shares of the company’s stock after selling 10 shares during the quarter. V Square Quantitative Management LLC’s holdings in MercadoLibre were worth $2,632,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MELI. Bison Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $206,000. Mackenzie Financial Corp lifted its position in shares of MercadoLibre by 48.4% during the 4th quarter. Mackenzie Financial Corp now owns 497 shares of the company’s stock worth $845,000 after buying an additional 162 shares during the period. Centaurus Financial Inc. bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $315,000. Versant Capital Management Inc lifted its position in shares of MercadoLibre by 3,750.0% during the 1st quarter. Versant Capital Management Inc now owns 154 shares of the company’s stock worth $301,000 after buying an additional 150 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of MercadoLibre by 208,441.4% during the 1st quarter. GAMMA Investing LLC now owns 60,477 shares of the company’s stock worth $117,983,000 after buying an additional 60,448 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating and set a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their target price on MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Susquehanna restated a “positive” rating and set a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. UBS Group set a $3,000.00 target price on MercadoLibre in a research report on Monday, June 2nd. Finally, Daiwa Capital Markets assumed coverage on MercadoLibre in a research report on Friday, August 1st. They set a “buy” rating and a $3,000.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,828.33.

MercadoLibre Trading Down 1.0%

MELI stock opened at $2,468.42 on Monday. The business has a fifty day moving average price of $2,391.84 and a 200 day moving average price of $2,337.29. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The stock has a market capitalization of $125.15 billion, a price-to-earnings ratio of 60.96, a P/E/G ratio of 1.61 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing analysts’ consensus estimates of $12.01 by ($1.70). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period in the prior year, the business earned $10.48 earnings per share. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. Analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

MercadoLibre Company 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.