Moloney Securities Asset Management LLC Decreases Holdings in MercadoLibre, Inc. $MELI

Moloney Securities Asset Management LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 560 shares of the company’s stock after selling 5 shares during the period. Moloney Securities Asset Management LLC’s holdings in MercadoLibre were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MELI. Key Financial Inc purchased a new position in MercadoLibre in the 1st quarter valued at about $25,000. GW&K Investment Management LLC purchased a new position in MercadoLibre in the 1st quarter valued at about $25,000. Close Asset Management Ltd boosted its position in MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after buying an additional 11 shares during the last quarter. Brooklyn Investment Group boosted its position in MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after buying an additional 13 shares during the last quarter. Finally, Twin Tree Management LP purchased a new position in MercadoLibre in the 1st quarter valued at about $29,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MELI has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Daiwa Capital Markets initiated coverage on shares of MercadoLibre in a research report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price objective for the company. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Susquehanna reduced their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Finally, Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,799.12.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,161.11 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company’s 50-day simple moving average is $2,315.64 and its 200-day simple moving average is $2,355.76. The stock has a market capitalization of $109.57 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 1.46 and a beta of 1.46.

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