Mesirow Financial Investment Management Inc. Lowers Stock Holdings in MercadoLibre, Inc. $MELI

Mesirow Financial Investment Management Inc. decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132 shares of the company’s stock after selling 29 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in MercadoLibre were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MELI. BLB&B Advisors LLC purchased a new position in MercadoLibre in the 2nd quarter valued at approximately $212,000. Simon Quick Advisors LLC purchased a new stake in MercadoLibre in the second quarter valued at approximately $293,000. AdvisorShares Investments LLC raised its holdings in shares of MercadoLibre by 25.3% in the second quarter. AdvisorShares Investments LLC now owns 554 shares of the company’s stock valued at $1,448,000 after buying an additional 112 shares during the last quarter. Strs Ohio purchased a new stake in shares of MercadoLibre during the second quarter worth approximately $11,500,000. Finally, Prairie Wealth Advisors Inc. raised its position in MercadoLibre by 4.6% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 864 shares of the company’s stock worth $2,258,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MELI shares. Scotiabank started coverage on MercadoLibre in a report on Monday, July 28th. They issued a “sector outperform” rating and a $3,500.00 target price for the company. Daiwa Capital Markets began coverage on shares of MercadoLibre in a research note on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price objective for the company. JPMorgan Chase & Co. reduced 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 note on Friday, October 3rd. Wedbush lifted their price target on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citigroup reduced their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,796.47.

MercadoLibre Stock Performance

Shares of MELI opened at $2,328.90 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The stock has a market cap of $118.08 billion, a P/E ratio of 56.83, a PEG ratio of 1.56 and a beta of 1.46. The company has a 50-day moving average of $2,310.58 and a two-hundred day moving average of $2,372.51. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the firm earned $7.83 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.